Consolidated figures
| Ratio | Mar 2024 | Mar 2025 |
|---|---|---|
| Margins | ||
| Gross margin % | 28.6% | 35.9% |
| EBITDA margin % | 9.8% | 12% |
| EBIT margin % | 7.8% | 9.8% |
| PAT margin % | 4.2% | 2.1% |
| Working capital | ||
| Receivable days | 75 | 186 |
| Inventory days | 124 | 122 |
| Payable days | 94 | 117 |
| NWC days | 105 | 192 |
| Leverage | ||
| Current ratio | 1.23 | 1.1 |
| Debt to EBITDA | 2.62 | 5.38 |
| Debt to equity | 0.82 | 1.88 |
| Interest coverage | 4.8 | 1.5 |
| Asset turnover | 1.13 | 0.74 |
| Return ratios | ||
| Return on assets % | 4.7% | 1.5% |
| Return on capital employed % | 22.2% | 27% |
| Return on equity % | 13.3% | 6.1% |
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.