Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 33.1% | 25.4% | 30.6% |
| EBITDA margin % | 15.9% | 14.4% | 19.1% |
| EBIT margin % | 10.4% | 9.8% | 15.7% |
| PAT margin % | 3.2% | 4.1% | 9.8% |
| Working capital | |||
| Receivable days | 172 | 131 | 92 |
| Inventory days | 86 | 61 | 90 |
| Payable days | 141 | 118 | 171 |
| NWC days | 117 | 74 | 11 |
| Leverage | |||
| Current ratio | 1.39 | 1.55 | 1.88 |
| Debt to EBITDA | 2.03 | 0.47 | 0.11 |
| Debt to equity | 1.81 | 0.19 | 0.03 |
| Interest coverage | 1.8 | 2.4 | 5.1 |
| Asset turnover | 0.97 | 1.21 | 0.84 |
| Return ratios | |||
| Return on assets % | 3.1% | 4.9% | 8.2% |
| Return on capital employed % | 23.5% | 28.6% | 31.4% |
| Return on equity % | 17.9% | 11.3% | 14.9% |
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.