Consolidated figures
| Ratio | Dec 2024 | Dec 2025 |
|---|---|---|
| Margins | ||
| Gross margin % | 44.8% | 46.8% |
| EBITDA margin % | 17.2% | 19.3% |
| EBIT margin % | 15.3% | 17.2% |
| PAT margin % | 13.9% | 11.6% |
| Working capital | ||
| Receivable days | 85 | 87 |
| Inventory days | 47 | 57 |
| Payable days | 155 | 166 |
| NWC days | -22 | -22 |
| Leverage | ||
| Current ratio | 3.09 | 2.9 |
| Debt to EBITDA | 0 | 0 |
| Debt to equity | 0 | 0 |
| Interest coverage | 656.6 | 796.5 |
| Asset turnover | 1.08 | 0.47 |
| Return ratios | ||
| Return on assets % | 15.1% | 5.5% |
| Return on capital employed % | 28.6% | 16.7% |
| Return on equity % | 21.3% | 7.2% |
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.