Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 70.2% | 70.9% |
| EBITDA margin % | 24.3% | 22.3% |
| EBIT margin % | 17.3% | 15.9% |
| PAT margin % | 12.8% | 13.2% |
| Working capital | ||
| Receivable days | 57 | 54 |
| Inventory days | 193 | 215 |
| Payable days | 172 | 81 |
| NWC days | 79 | 188 |
| Leverage | ||
| Current ratio | 1.71 | 1.5 |
| Debt to EBITDA | 0.9 | 0.4 |
| Debt to equity | 0.26 | 0.1 |
| Interest coverage | 6 | 10.8 |
| Asset turnover | 0.72 | 0.75 |
| Return ratios | ||
| Return on assets % | 9.2% | 9.9% |
| Return on capital employed % | 18.6% | 18.6% |
| Return on equity % | 15.4% | 14.6% |
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.