Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 63.5% | 63.2% | 64.3% |
| EBITDA margin % | 11.8% | 12% | 13.3% |
| EBIT margin % |
| 7.6% |
| 7.8% |
| 9.2% |
| PAT margin % | 5.9% | 6.1% | 7.4% |
| Working capital | |||
| Receivable days | 57 | 59 | 59 |
| Inventory days | 244 | 218 | 226 |
| Payable days | 102 | 79 | 93 |
| NWC days | 199 | 198 | 192 |
| Leverage | |||
| Current ratio | 2.91 | 3.56 | 3.62 |
| Debt to EBITDA | 0.36 | 0.27 | 0.13 |
| Debt to equity | 0.04 | 0.03 | 0.02 |
| Interest coverage | 12.7 | 27.1 | 46.5 |
| Asset turnover | 0.8 | 0.86 | 0.85 |
| Return ratios | |||
| Return on assets % | 4.8% | 5.3% | 6.3% |
| Return on capital employed % | 8.7% | 10.3% | 12% |
| Return on equity % | 6.2% | 6.6% | 7.8% |
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.