Consolidated figures
| Ratio | Mar 2023 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 76.1% | 81.4% |
| EBITDA margin % | 17.2% | 20.9% |
| EBIT margin % | 15% | 18.2% |
| PAT margin % | 9.6% | 13.2% |
| Working capital | ||
| Receivable days | 36 | 38 |
| Inventory days | 182 | 175 |
| Payable days | — | 206 |
| NWC days | — | 7 |
| Leverage | ||
| Current ratio | 2.12 | 0.96 |
| Debt to EBITDA | 0.02 | 0.49 |
| Debt to equity | 0.01 | 0.19 |
| Interest coverage | 32.6 | 38.2 |
| Asset turnover | 1.49 | 1.16 |
| Return ratios | ||
| Return on assets % | 14.3% | 15.4% |
| Return on capital employed % | 30.4% | 40.9% |
| Return on equity % | 20.8% | 24.8% |
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.