Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 23.8% | 37.1% | 21.1% |
| EBITDA margin % | 13.7% | 20.1% | 10.8% |
| EBIT margin % | 13.7% | 20% | 10.4% |
| PAT margin % | 10.3% | 14.1% | 8.8% |
| Working capital | |||
| Receivable days | 22 | 97 | 92 |
| Inventory days | 2 | 2 | 36 |
| Payable days | 12 | 67 | 150 |
| NWC days | 12 | 32 | -22 |
| Leverage | |||
| Current ratio | 2.2 | 1.94 | 1.88 |
| Debt to EBITDA | 0.89 | 1.05 | 1.73 |
| Debt to equity | 0.83 | 0.37 | 0.3 |
| Interest coverage | 10.8 | 18.5 | 8.8 |
| Asset turnover | 3.23 | 0.91 | 0.82 |
| Return ratios | |||
| Return on assets % | 33.3% | 12.9% | 7.1% |
| Return on capital employed % | 81.3% | 49.7% | 28.4% |
| Return on equity % | 70.2% | 24.9% | 14.2% |
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.