Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 32.7% | 27.7% | 22.5% |
| EBITDA margin % | 18.2% | 13.1% | 9.7% |
| EBIT margin % | 16.8% | 11.4% | 5.8% |
| PAT margin % | 13.7% | 9.3% | 5.4% |
| Working capital | |||
| Receivable days | 10 | 16 | 20 |
| Inventory days | 54 | 54 | 54 |
| Payable days | 13 | 9 | 9 |
| NWC days | 51 | 62 | 66 |
| Leverage | |||
| Current ratio | 4.59 | 10.62 | 7.15 |
| Debt to EBITDA | 0.81 | 0.01 | 0.72 |
| Debt to equity | 0.31 | 0 | 0.1 |
| Interest coverage | 30.9 | 37.5 | 20 |
| Asset turnover | 1.5 | 1.14 | 1.19 |
| Return ratios | |||
| Return on assets % | 20.5% | 10.6% | 6.5% |
| Return on capital employed % | 29.3% | 17.6% | 9.7% |
| Return on equity % | 28.7% | 11.1% | 7.4% |
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.