Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 59.1% | 58.4% | 59.6% |
| EBITDA margin % | 19.1% | 17.2% | 16.5% |
| EBIT margin % | 15.7% | 13.8% | 13.3% |
| PAT margin % | 11% | 11.3% | 11.3% |
| Working capital | |||
| Receivable days | 85 | 109 | 95 |
| Inventory days | 254 | 267 | 257 |
| Payable days | 60 | 68 | 57 |
| NWC days | 279 | 308 | 294 |
| Leverage | |||
| Current ratio | 1.69 | 3.97 | 3.46 |
| Debt to EBITDA | 1.42 | 0.57 | 0.7 |
| Debt to equity | 0.53 | 0.09 | 0.12 |
| Interest coverage | 5.5 | 9.8 | 16.7 |
| Asset turnover | 1.07 | 0.74 | 0.84 |
| Return ratios | |||
| Return on assets % | 11.8% | 8.4% | 9.5% |
| Return on capital employed % | 27.9% | 19.2% | 16.6% |
| Return on equity % | 21.3% | 10.5% | 12.1% |
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.