Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 60.1% | 41.5% | 40.8% |
| EBITDA margin % | 23.3% | 18.2% | 16.3% |
| EBIT margin % | 17.7% | 12.8% | 12.6% |
| PAT margin % | 10.8% | 5.9% | 6.6% |
| Working capital | |||
| Receivable days | 42 | 81 | 73 |
| Inventory days | 144 | 192 | 184 |
| Payable days | — | — | — |
| NWC days | — | — | — |
| Leverage | |||
| Current ratio | 1.23 | 1.21 | 1.28 |
| Debt to EBITDA | 5.13 | 3.6 | 3.07 |
| Debt to equity | 3.72 | 2.96 | 2.48 |
| Interest coverage | 4.6 | 2.8 | 3.7 |
| Asset turnover | 0.59 | 0.84 | 1.09 |
| Return ratios | |||
| Return on assets % | 6.4% | 5% | 7.2% |
| Return on capital employed % | 13.7% | 21.8% | 28.4% |
| Return on equity % | 33.7% | 26.5% | 32.7% |
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.