Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 48.1% | 46.6% | 48.7% |
| EBITDA margin % | 10.1% | 9.1% | 9.6% |
| EBIT margin % | 8.6% | 7.6% | 8.1% |
| PAT margin % | 4.3% | 3.5% | 4.8% |
| Working capital | |||
| Receivable days | 79 | 85 | 89 |
| Inventory days | 289 | 272 | 324 |
| Payable days | 61 | 66 | 59 |
| NWC days | 307 | 291 | 354 |
| Leverage | |||
| Current ratio | 1.28 | 1.27 | 1.33 |
| Debt to EBITDA | 4.17 | 4.71 | 4.85 |
| Debt to equity | 1.65 | 1.66 | 1.54 |
| Interest coverage | 2.6 | 2.4 | 2.9 |
| Asset turnover | 1.13 | 1.16 | 1.07 |
| Return ratios | |||
| Return on assets % | 4.9% | 4% | 5.1% |
| Return on capital employed % | 30.9% | 29.2% | 30.4% |
| Return on equity % | 17% | 13.6% | 15.7% |
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.