Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 19.5% | 19% | 19.2% |
| EBITDA margin % | 12.4% | 12.3% | 12.1% |
| EBIT margin % | 8.1% | 8.3% | 8.3% |
| PAT margin % | 4.2% | 4.3% | 5.2% |
| Working capital | |||
| Receivable days | 60 | 70 | 67 |
| Inventory days | 37 | 42 | 44 |
| Payable days | 48 | 58 | 63 |
| NWC days | 49 | 54 | 48 |
| Leverage | |||
| Current ratio | 1.52 | 1.34 | 1.97 |
| Debt to EBITDA | 2.63 | 2.84 | 1.25 |
| Debt to equity | 1.04 | 1.07 | 0.28 |
| Interest coverage | 2.3 | 2.4 | 3.9 |
| Asset turnover | 1.24 | 1.15 | 1.11 |
| Return ratios | |||
| Return on assets % | 5.2% | 4.9% | 5.8% |
| Return on capital employed % | 17.1% | 17.9% | 17.1% |
| Return on equity % | 13.4% | 13.1% | 9.5% |
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.