Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 67.2% | 46% | 48.5% |
| EBITDA margin % | 56.5% | 36.9% | 39.2% |
| EBIT margin % | 55.6% | 36% | 38.3% |
| PAT margin % | 16.4% | 18.2% | 16.3% |
| Working capital | |||
| Receivable days | 94 | 38 | 77 |
| Inventory days | 1,997 | 1,113 | 1,205 |
| Payable days | 97 | 53 | 48 |
| NWC days | 1,995 | 1,098 | 1,233 |
| Leverage | |||
| Current ratio | 2.36 | 3.48 | 4.45 |
| Debt to EBITDA | 1.83 | 2.25 | 2.95 |
| Debt to equity | 0.82 | 0.51 | 0.65 |
| Interest coverage | 1.7 | 3.1 | 2.4 |
| Asset turnover | 0.32 | 0.31 | 0.28 |
| Return ratios | |||
| Return on assets % | 5.2% | 5.7% | 4.6% |
| Return on capital employed % | 30.3% | 19.9% | 15.6% |
| Return on equity % | 13.1% | 11.1% | 9.1% |
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.