Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 22.8% | 19.5% |
| EBITDA margin % | 16.1% | 14.4% |
| EBIT margin % | 15% | 13.3% |
| PAT margin % | 10.7% | 9.1% |
| Working capital | ||
| Receivable days | 58 | 42 |
| Inventory days | 62 | 73 |
| Payable days | 67 | 41 |
| NWC days | 53 | 74 |
| Leverage | ||
| Current ratio | 1.52 | 1.71 |
| Debt to EBITDA | 0.58 | 1.58 |
| Debt to equity | 0.33 | 0.9 |
| Interest coverage | 16.3 | 13.3 |
| Asset turnover | 1.65 | 1.61 |
| Return ratios | ||
| Return on assets % | 17.6% | 14.6% |
| Return on capital employed % | 50.3% | 55.7% |
| Return on equity % | 38.6% | 35.9% |
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.