Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 62.8% | 60.1% | 60.3% |
| EBITDA margin % | 18.7% | 18.7% | 20.3% |
| EBIT margin % | 14% | 13.8% | 15.7% |
| PAT margin % | 7.9% | 9% | 10.2% |
| Working capital | |||
| Receivable days | 102 | 93 | 102 |
| Inventory days | 225 | 224 | 239 |
| Payable days | 193 | 172 | 180 |
| NWC days | 134 | 145 | 161 |
| Leverage | |||
| Current ratio | 1.35 | 1.74 | 1.46 |
| Debt to EBITDA | 1.68 | 0.5 | 0.65 |
| Debt to equity | 0.71 | 0.16 | 0.24 |
| Interest coverage | 4.1 | 6.6 | 10.2 |
| Asset turnover | 0.85 | 0.96 | 0.96 |
| Return ratios | |||
| Return on assets % | 6.8% | 8.6% | 9.8% |
| Return on capital employed % | 21.2% | 22.8% | 26% |
| Return on equity % | 17.9% | 15.9% | 19% |
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.