Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 30.3% | 31.8% | 32.5% | 33.8% |
| EBITDA margin % | 9.3% | 10% | 12% | 12.7% |
| EBIT margin % | 6.9% | 7.7% | 9.5% | 10% |
| PAT margin % | 4.8% | 5.8% | 6.9% | 7.1% |
| Working capital | ||||
| Receivable days | 30 | 26 | 20 | 26 |
| Inventory days | 31 | 32 | 35 | 41 |
| Payable days | 35 | 44 | 43 | 49 |
| NWC days | 27 | 13 | 11 | 18 |
| Leverage | ||||
| Current ratio | 1.08 | 1.08 | 1.03 | 1.04 |
| Debt to EBITDA | 1.35 | 1.14 | 0.91 | 1.23 |
| Debt to equity | 0.49 | 0.42 | 0.38 | 0.5 |
| Interest coverage | 16.7 | 8.5 | 10.5 | 9.1 |
| Asset turnover | 1.99 | 1.91 | 1.87 | 1.63 |
| Return ratios | ||||
| Return on assets % | 9.6% | 11.1% | 12.9% | 11.6% |
| Return on capital employed % | 20.6% | 23.6% | 27.5% | 26.6% |
| Return on equity % | 19.1% | 21.3% | 23.7% | 22.7% |
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.