Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 90.8% | 93.4% | 95% |
| EBITDA margin % | 39.5% | 43% | 50.5% |
| EBIT margin % | 37.3% | 41.2% | 49.3% |
| PAT margin % | 33.4% | 37.6% | 44.8% |
| Working capital | |||
| Receivable days | 15 | 18 | 28 |
| Inventory days | 83 | 116 | 102 |
| Payable days | 8 | 24 | 32 |
| NWC days | 90 | 110 | 98 |
| Leverage | |||
| Current ratio | 5.4 | 7.09 | 8.07 |
| Debt to EBITDA | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | 951 | — | 776.7 |
| Asset turnover | 1.02 | 0.75 | 0.59 |
| Return ratios | |||
| Return on assets % | 34.1% | 28.2% | 26.7% |
| Return on capital employed % | 48.9% | 47.9% | 46.3% |
| Return on equity % | 40.3% | 32.5% | 30.4% |
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.