Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | 82.8% |
| EBITDA margin % | 43.5% | 72.5% | 54.3% |
| EBIT margin % |
| 34.9% |
| 60.6% |
| 27.4% |
| PAT margin % | 26.3% | 50.6% | 36.1% |
| Working capital | |||
| Receivable days | 114 | 113 | 118 |
| Inventory days | 50 | 0 | 109 |
| Payable days | 153 | 122 | 759 |
| NWC days | 11 | -9 | -533 |
| Leverage | |||
| Current ratio | 2.25 | 3.64 | 1.1 |
| Debt to EBITDA | 0.14 | 0.18 | 0.16 |
| Debt to equity | 0.02 | 0.01 | 0.01 |
| Interest coverage | 61.9 | 31.2 | 3.5 |
| Asset turnover | 0.34 | 0.11 | 0.09 |
| Return ratios | |||
| Return on assets % | 9% | 5.4% | 3.1% |
| Return on capital employed % | 14.1% | 11.9% | 5.7% |
| Return on equity % | 10.6% | 5.9% | 3.9% |
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.