Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 47.2% | 47.5% | 44.5% |
| EBITDA margin % | 14% | 14.1% | 14.1% |
| EBIT margin % | 12.3% | 12.5% | 12.4% |
| PAT margin % | 11.1% | 10.8% | 12.4% |
| Working capital | |||
| Receivable days | 87 | 92 | 115 |
| Inventory days | 132 | 142 | 119 |
| Payable days | 77 | 59 | 75 |
| NWC days | 143 | 175 | 159 |
| Leverage | |||
| Current ratio | 1.89 | 4.38 | 3.28 |
| Debt to EBITDA | 0.89 | 0.49 | 0.5 |
| Debt to equity | 0.18 | 0.06 | 0.07 |
| Interest coverage | 23.7 | 22.5 | 30.4 |
| Asset turnover | 1.01 | 0.75 | 0.8 |
| Return ratios | |||
| Return on assets % | 11.2% | 8.1% | 9.9% |
| Return on capital employed % | 21.2% | 17.8% | 16.6% |
| Return on equity % | 16.2% | 9.8% | 12.4% |
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.