Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25% | 25.9% | 26.1% |
| EBITDA margin % | 8.6% | 9.6% | 9.4% |
| EBIT margin % | 6.8% | 7.6% | 7.2% |
| PAT margin % | 5.3% | 6% | 5.4% |
| Working capital | |||
| Receivable days | 53 | 54 | 53 |
| Inventory days | 43 | 44 | 43 |
| Payable days | 84 | 76 | 78 |
| NWC days | 12 | 22 | 18 |
| Leverage | |||
| Current ratio | 1.62 | 1.64 | 1.66 |
| Debt to EBITDA | 0.26 | 0.06 | 0.34 |
| Debt to equity | 0.07 | 0.02 | 0.11 |
| Interest coverage | 30.6 | 32.8 | 25.7 |
| Asset turnover | 1.91 | 2.01 | 1.92 |
| Return ratios | |||
| Return on assets % | 10% | 12.1% | 10.4% |
| Return on capital employed % | 23.5% | 28.7% | 26.1% |
| Return on equity % | 17.8% | 20.7% | 18.4% |
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.