Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 47.1% | 45.6% | 49.2% |
| EBITDA margin % | 18.3% | 16.3% | 12.6% |
| EBIT margin % | 17.7% | 15.4% | 10.1% |
| PAT margin % | 14.6% | 11.3% | 9.7% |
| Working capital | |||
| Receivable days | 58 | 51 | 156 |
| Inventory days | 252 | 257 | 361 |
| Payable days | 131 | 111 | 211 |
| NWC days | 180 | 198 | 307 |
| Leverage | |||
| Current ratio | 1.72 | 1.79 | 1.72 |
| Debt to EBITDA | 0.79 | 1.27 | 3.75 |
| Debt to equity | 0.29 | 0.29 | 0.48 |
| Interest coverage | 8.4 | 3.8 | 3 |
| Asset turnover | 0.89 | 0.75 | 0.53 |
| Return ratios | |||
| Return on assets % | 13% | 8.5% | 5.2% |
| Return on capital employed % | 42.2% | 31.8% | 20.6% |
| Return on equity % | 29.1% | 16% | 9.8% |
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.