Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 15.5% | 27.6% | 26.5% |
| EBITDA margin % | 10.8% | 21.1% | 20.7% |
| EBIT margin % | 10.3% | 20.6% | 19.9% |
| PAT margin % | 7.1% | 9.7% | 8.7% |
| Working capital | |||
| Receivable days | 84 | 114 | — |
| Inventory days | 106 | 305 | 663 |
| Payable days | 49 | 114 | — |
| NWC days | 141 | 305 | — |
| Leverage | |||
| Current ratio | 1.92 | 2.05 | 1.82 |
| Debt to EBITDA | 1.44 | 1.23 | — |
| Debt to equity | 0.4 | 0.48 | — |
| Interest coverage | 7.8 | 14.7 | 10.3 |
| Asset turnover | 1.08 | 0.68 | 0.41 |
| Return ratios | |||
| Return on assets % | 7.6% | 6.6% | 3.5% |
| Return on capital employed % | 18.4% | 32.3% | 19.4% |
| Return on equity % | 18.2% | 18.1% | — |
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.