Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 65.2% | 70.4% | 75.9% |
| EBITDA margin % | 17.1% | 15.1% | 14.6% |
| EBIT margin % | 15.3% | 13.5% | 13% |
| PAT margin % | 10.1% | 8.3% | 7.7% |
| Working capital | |||
| Receivable days | 52 | 72 | 58 |
| Inventory days | 41 | 37 | 37 |
| Payable days | 119 | 260 | 554 |
| NWC days | -26 | -151 | -459 |
| Leverage | |||
| Current ratio | 1.52 | 1.77 | 1.38 |
| Debt to EBITDA | 2.05 | 2.69 | 2.24 |
| Debt to equity | 1.2 | 0.76 | 0.61 |
| Interest coverage | 5.3 | 3.9 | 3.6 |
| Asset turnover | 1.17 | 0.81 | 0.73 |
| Return ratios | |||
| Return on assets % | 11.7% | 6.7% | 5.6% |
| Return on capital employed % | 32% | 24.4% | 19.3% |
| Return on equity % | 34.3% | 15.6% | 14.4% |
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.