Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 34.2% | 28.1% | 26.8% |
| EBITDA margin % | 19.2% | 17.2% | 18% |
| EBIT margin % |
| 15.3% |
| 15% |
| 16.3% |
| PAT margin % | 9.1% | 13% | 13.1% |
| Working capital | |||
| Receivable days | 60 | 93 | 88 |
| Inventory days | 318 | 125 | 94 |
| Payable days | 9 | 12 | 3 |
| NWC days | 370 | 206 | 178 |
| Leverage | |||
| Current ratio | 3.18 | 4.46 | 4.38 |
| Debt to EBITDA | 3.85 | 1.55 | 1.24 |
| Debt to equity | 0.58 | 0.27 | 0.22 |
| Interest coverage | 3 | 8.4 | 10.8 |
| Asset turnover | 0.46 | 0.75 | 0.76 |
| Return ratios | |||
| Return on assets % | 4.2% | 9.8% | 10% |
| Return on capital employed % | 8.5% | 16.5% | 19.7% |
| Return on equity % | 7.2% | 13.3% | 12.7% |
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.