Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 43.1% | 50.7% | 32.4% |
| EBITDA margin % | 7.4% | 16.6% | 16.5% | 15.5% |
| EBIT margin % | 7.4% | 16.1% | 15.9% | 15.2% |
| PAT margin % | 17.7% | 12.4% | 13.7% | 12.1% |
| Working capital | ||||
| Receivable days | — | 133 | 162 | 122 |
| Inventory days | — | 189 | 227 | 89 |
| Payable days | — | 161 | 251 | 97 |
| NWC days | — | 161 | 139 | 114 |
| Leverage | ||||
| Current ratio | — | 1.69 | 1.66 | 2.57 |
| Debt to EBITDA | — | 5.7 | 4.66 | 0.57 |
| Debt to equity | — | 1.05 | 0.92 | 0.17 |
| Interest coverage | 17 | 60 | 23.8 | 42.9 |
| Asset turnover | — | 0.46 | 0.5 | 1.11 |
| Return ratios | ||||
| Return on assets % | — | 5.7% | 6.8% | 13.5% |
| Return on capital employed % | — | 20.9% | 26.3% | 32.9% |
| Return on equity % | — | 13.7% | 16.3% | 23.9% |
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.