Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 29.5% | 37.7% |
| EBITDA margin % | 18.8% | 22.3% |
| EBIT margin % | 16.1% | 18.5% |
| PAT margin % | 13.4% | 14.6% |
| Working capital | ||
| Receivable days | 30 | 34 |
| Inventory days | 96 | 129 |
| Payable days | 81 | 69 |
| NWC days | 46 | 95 |
| Leverage | ||
| Current ratio | 1.5 | 1.39 |
| Debt to EBITDA | 0.35 | 0.42 |
| Debt to equity | 0.1 | 0.17 |
| Interest coverage | 17.9 | 20.1 |
| Asset turnover | 0.73 | 0.88 |
| Return ratios | ||
| Return on assets % | 9.8% | 12.9% |
| Return on capital employed % | 24.8% | 39.7% |
| Return on equity % | 20.1% | 26.9% |
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.