Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 26.1% | 27.8% | 28.6% |
| EBITDA margin % | 13.1% | 12.9% | 12.2% |
| EBIT margin % |
| 9.9% |
| 9.9% |
| 9% |
| PAT margin % | 8.7% | 8.2% | 7.7% |
| Working capital | |||
| Receivable days | 13 | 13 | 11 |
| Inventory days | 23 | 25 | 26 |
| Payable days | 53 | 52 | 52 |
| NWC days | -16 | -14 | -15 |
| Leverage | |||
| Current ratio | 1.24 | 1.42 | 1.56 |
| Debt to EBITDA | 0.08 | 0.09 | 0.12 |
| Debt to equity | 0.06 | 0.05 | 0.05 |
| Interest coverage | 53.1 | 60.7 | 69 |
| Asset turnover | 2.65 | 2.3 | 2.06 |
| Return ratios | |||
| Return on assets % | 23% | 18.7% | 15.8% |
| Return on capital employed % | 62.9% | 48% | 35.5% |
| Return on equity % | 56.8% | 34.6% | 27.1% |
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.