Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 52.6% | 51.7% | 49.8% |
| EBITDA margin % | 25.5% | 23.9% | 20.3% |
| EBIT margin % | 22.6% | 21% | 16.9% |
| PAT margin % | 17.8% | 17.1% | 14.3% |
| Working capital | |||
| Receivable days | 111 | 112 | 118 |
| Inventory days | 178 | 186 | 167 |
| Payable days | 55 | 53 | 47 |
| NWC days | 234 | 245 | 238 |
| Leverage | |||
| Current ratio | 2.39 | 9.31 | 8.1 |
| Debt to EBITDA | 0.73 | 0 | 0.07 |
| Debt to equity | 0.32 | 0 | 0.01 |
| Interest coverage | 187.5 | 340 | 293.2 |
| Asset turnover | 1.01 | 0.81 | 0.77 |
| Return ratios | |||
| Return on assets % | 18.1% | 13.8% | 11% |
| Return on capital employed % | 33.7% | 25.6% | 17.4% |
| Return on equity % | 31% | 16.8% | 12.3% |
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.