Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 45.9% | 37.6% |
| EBITDA margin % | 13.5% | 12.9% |
| EBIT margin % | 9.5% | 10.1% |
| PAT margin % | 3.1% | 4.5% |
| Working capital | ||
| Receivable days | 103 | 88 |
| Inventory days | 566 | 380 |
| Payable days | 62 | 55 |
| NWC days | 607 | 412 |
| Leverage | ||
| Current ratio | 1.08 | 1.08 |
| Debt to EBITDA | 6.85 | 6.54 |
| Debt to equity | 1.8 | 2.64 |
| Interest coverage | 1.7 | 2.2 |
| Asset turnover | 0.61 | 0.77 |
| Return ratios | ||
| Return on assets % | 1.9% | 3.5% |
| Return on capital employed % | 19.6% | 35.9% |
| Return on equity % | 5.9% | 14.1% |
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.