Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | 98.6% | 96.9% |
| EBITDA margin % | 16.3% | 16.6% | 10.6% |
| EBIT margin % | 14.6% | 14.2% | 7.9% |
| PAT margin % | 11.5% | 11% | 6.5% |
| Working capital | |||
| Receivable days | 73 | 63 | 67 |
| Inventory days | 1 | 46 | 60 |
| Payable days | 2 | 162 | 80 |
| NWC days | 72 | -53 | 47 |
| Leverage | |||
| Current ratio | 4.6 | 2.44 | 1.56 |
| Debt to EBITDA | 0.52 | 1.54 | 4.06 |
| Debt to equity | 0.13 | 0.4 | 0.66 |
| Interest coverage | 45.3 | 23 | 6 |
| Asset turnover | 1.23 | 1.01 | 0.85 |
| Return ratios | |||
| Return on assets % | 14.1% | 11.1% | 5.5% |
| Return on capital employed % | 23.9% | 24.9% | 15.2% |
| Return on equity % | 17.6% | 17.2% | 10.1% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.