Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 55.2% | 55.1% | 54% |
| EBITDA margin % | 14.3% | 7.6% | 9.6% |
| EBIT margin % | 10.6% | 2.4% | 4.2% |
| PAT margin % | 40.5% | 0.6% | 0.7% |
| Working capital | |||
| Receivable days | 52 | 54 | 50 |
| Inventory days | 216 | 231 | 217 |
| Payable days | 157 | 174 | 165 |
| NWC days | 111 | 111 | 102 |
| Leverage | |||
| Current ratio | 1.57 | 1.51 | 1.43 |
| Debt to EBITDA | 0.88 | 2.71 | 1.82 |
| Debt to equity | 0.09 | 0.13 | 0.12 |
| Interest coverage | 4.3 | 1.6 | 1.9 |
| Asset turnover | 0.5 | 0.45 | 0.49 |
| Return ratios | |||
| Return on assets % | 20.3% | 0.3% | 0.3% |
| Return on capital employed % | 8% | 3.1% | 4% |
| Return on equity % | 27.4% | 0.4% | 0.5% |
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.