Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37% | 41.9% | 43.5% | 43.6% |
| EBITDA margin % | 15.4% | 17.7% | ||
Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37% | 41.9% | 43.5% | 43.6% |
| EBITDA margin % | 15.4% | 17.7% | ||
| 18.2% |
| 17.3% |
| EBIT margin % | 12% | 14.4% | 14.6% | 13.5% |
| PAT margin % | 8.5% | 10.4% | 11.2% | 10.3% |
| Working capital | ||||
| Receivable days | 11 | 15 | 26 | 26 |
| Inventory days | 88 | 92 | 99 | 105 |
| Payable days | 42 | 37 | 37 | 35 |
| NWC days | 57 | 70 | 88 | 96 |
| Leverage | ||||
| Current ratio | 1.22 | 2.99 | 2.68 | 2.17 |
| Debt to EBITDA | 0.54 | 0.42 | 0.44 | 0.22 |
| Debt to equity | 0.3 | 0.14 | 0.15 | 0.07 |
| Interest coverage | 12.7 | 13.5 | 20.1 | 30.8 |
| Asset turnover | 1.89 | 1.29 | 1.26 | 1.36 |
| Return ratios | ||||
| Return on assets % | 16.1% | 13.4% | 14.1% | 14% |
| Return on capital employed % | 36.8% | 33.2% | 26.9% | 24.8% |
| Return on equity % | 30.5% | 19.6% | 21.3% | 19.6% |
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.