Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 52.7% | 55.5% |
| EBITDA margin % | 20.6% | 19.7% |
| EBIT margin % | 17.1% | 15.2% |
| PAT margin % | 11.7% | 10.8% |
| Working capital | ||
| Receivable days | — | 113 |
| Inventory days | 127 | 159 |
| Payable days | — | 172 |
| NWC days | — | 100 |
| Leverage | ||
| Current ratio | 3.22 | 3.1 |
| Debt to EBITDA | — | 1.95 |
| Debt to equity | — | 0.6 |
| Interest coverage | 9.8 | 4.6 |
| Asset turnover | 0.83 | 0.78 |
| Return ratios | ||
| Return on assets % | 9.7% | 8.4% |
| Return on capital employed % | 20.6% | 19.3% |
| Return on equity % | — | 16.9% |
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.