Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 20.1% | 27.7% | 32.5% | 35.6% |
| EBITDA margin % | 13% | 7.6% | ||
| 13.9% |
| 14.9% |
| EBIT margin % | 10.9% | 4.8% | 10.5% | 10.5% |
| PAT margin % | 6.6% | 6% | 4.9% | 5.2% |
| Working capital | ||||
| Receivable days | 298 | 122 | — | — |
| Inventory days | 379 | 215 | 246 | 297 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | 3.2 | 4.52 | 2.08 |
| Debt to EBITDA | 9.91 | 5.61 | — | — |
| Debt to equity | 2.89 | 0.84 | — | — |
| Interest coverage | 3 | 3.9 | 2.5 | 2.9 |
| Asset turnover | 0.41 | 0.85 | 0.72 | 0.69 |
| Return ratios | ||||
| Return on assets % | 2.7% | 5% | 3.5% | 3.6% |
| Return on capital employed % | — | 12.5% | 10.5% | 10.1% |
| Return on equity % | 14.8% | 11.8% | — | — |
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.