Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 24.7% | 28% | 37.7% |
| EBITDA margin % | 12.2% | 15.4% | 16.4% |
| EBIT margin % | 9.5% | 12.9% | 14.8% |
| PAT margin % | 7.9% | 10.4% | 10.8% |
| Working capital | |||
| Receivable days | 33 | 27 | 33 |
| Inventory days | 39 | 82 | 31 |
| Payable days | 46 | 65 | 197 |
| NWC days | 27 | 43 | -133 |
| Leverage | |||
| Current ratio | 2.38 | 2.79 | 1.59 |
| Debt to EBITDA | 1.14 | 0.5 | 0.79 |
| Debt to equity | 0.37 | 0.15 | 0.36 |
| Interest coverage | 7.1 | 11 | 16.9 |
| Asset turnover | 1.46 | 1.3 | 1.03 |
| Return ratios | |||
| Return on assets % | 11.5% | 13.5% | 11.2% |
| Return on capital employed % | 25.9% | 36.7% | 38.6% |
| Return on equity % | 20.8% | 20% | 29.9% |
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.