Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 92.5% | 92.8% | 92% |
| EBITDA margin % | 27.8% | 35.9% | 34.6% |
| EBIT margin % |
| 16% |
| 25.6% |
| 24.4% |
| PAT margin % | -24.5% | 7.6% | 45.4% |
| Working capital | |||
| Receivable days | 23 | 22 | 20 |
| Inventory days | 21 | 19 | 15 |
| Payable days | 644 | 427 | 356 |
| NWC days | -601 | -387 | -321 |
| Leverage | |||
| Current ratio | 0.38 | 0.59 | 0.81 |
| Debt to EBITDA | 7.79 | 5.24 | 3.96 |
| Debt to equity | 2 | 1.86 | 0.78 |
| Interest coverage | 0.5 | 1.4 | 2 |
| Asset turnover | 0.28 | 0.31 | 0.28 |
| Return ratios | |||
| Return on assets % | -6.8% | 2.3% | 12.7% |
| Return on capital employed % | 6.4% | 10.2% | 9.1% |
| Return on equity % | -22.6% | 7.5% | 26% |
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.