Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 29.8% | 27.4% | 26.9% |
| EBITDA margin % | 16.2% | 14.1% | 11.6% |
| EBIT margin % | 12.9% | 10.9% | 8.2% |
| PAT margin % | 11.3% | 9.2% | 7.1% |
| Working capital | |||
| Receivable days | 47 | 46 | 48 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 55 | 55 | 54 |
| NWC days | -8 | -9 | -6 |
| Leverage | |||
| Current ratio | 2.35 | 2.53 | 2.54 |
| Debt to EBITDA | 0.24 | 0.07 | 0 |
| Debt to equity | 0.12 | 0.03 | 0 |
| Interest coverage | 31.2 | 46.7 | 102.9 |
| Asset turnover | 1.87 | 1.92 | 1.95 |
| Return ratios | |||
| Return on assets % | 21.1% | 17.6% | 13.9% |
| Return on capital employed % | 43.9% | 37.9% | 30.1% |
| Return on equity % | 35.2% | 27.1% | 21.7% |
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.