Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 72.5% | 74% |
| EBITDA margin % | 23.9% | 28.8% |
| EBIT margin % | 15.8% | 21.2% |
| PAT margin % | 10% | 15.9% |
| Working capital | ||
| Receivable days | 76 | 62 |
| Inventory days | 93 | 97 |
| Payable days | 253 | 182 |
| NWC days | -83 | -24 |
| Leverage | ||
| Current ratio | 2.05 | 1.69 |
| Debt to EBITDA | 0.32 | 0.15 |
| Debt to equity | 0.06 | 0.04 |
| Interest coverage | 4 | 13.1 |
| Asset turnover | 0.54 | 0.6 |
| Return ratios | ||
| Return on assets % | 5.4% | 9.6% |
| Return on capital employed % | 12.5% | 19.7% |
| Return on equity % | 8% | 14% |
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.