Consolidated figures
| Ratio | Mar 2024 | Mar 2025 |
|---|---|---|
| Margins | ||
| Gross margin % | 54.4% | 67% |
| EBITDA margin % | 33.2% | 36.1% |
| EBIT margin % | 28.4% | 27.3% |
| PAT margin % | 22.3% | 21.2% |
| Working capital | ||
| Receivable days | 59 | 75 |
| Inventory days | 159 | 224 |
| Payable days | 52 | 61 |
| NWC days | 166 | 238 |
| Leverage | ||
| Current ratio | 3.76 | 4.79 |
| Debt to EBITDA | 0.87 | 0.98 |
| Debt to equity | 0.3 | 0.26 |
| Interest coverage | 63.6 | 15.8 |
| Asset turnover | 0.74 | 0.57 |
| Return ratios | ||
| Return on assets % | 16.4% | 12% |
| Return on capital employed % | 25.5% | 20.4% |
| Return on equity % | 23% | 15.9% |
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.