Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 89.7% | 90.5% | 90.7% |
| EBITDA margin % | 27.2% | 26.7% | 27.4% |
| EBIT margin % | 14.4% | 13.2% | 14.1% |
| PAT margin % | 7.1% | 6.5% | 8.1% |
| Working capital | |||
| Receivable days | 27 | 26 | 28 |
| Inventory days | 138 | 181 | 178 |
| Payable days | 355 | 345 | 283 |
| NWC days | -190 | -138 | -76 |
| Leverage | |||
| Current ratio | 1.9 | 1.66 | 1.24 |
| Debt to EBITDA | 1.07 | 0.54 | 0.28 |
| Debt to equity | 0.29 | 0.13 | 0.08 |
| Interest coverage | 2.5 | 2.5 | 3.7 |
| Asset turnover | 0.48 | 0.47 | 0.53 |
| Return ratios | |||
| Return on assets % | 3.5% | 3% | 4.3% |
| Return on capital employed % | 10% | 9.8% | 10.1% |
| Return on equity % | 7.1% | 5.9% | 8.3% |
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.