Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 28.5% | 29.8% | 31% |
| EBITDA margin % | 10.8% | 10.9% | 10.5% |
| EBIT margin % | 8.9% | 9.1% | 8.9% |
| PAT margin % | 5.1% | 5.3% | 5.7% |
| Working capital | |||
| Receivable days | 146 | 138 | 125 |
| Inventory days | 181 | 238 | 258 |
| Payable days | 101 | 118 | 96 |
| NWC days | 225 | 257 | 286 |
| Leverage | |||
| Current ratio | 1.61 | 1.57 | 1.91 |
| Debt to EBITDA | 2.6 | 3.53 | 2.39 |
| Debt to equity | 0.67 | 0.82 | 0.39 |
| Interest coverage | 4.1 | 4 | 4.1 |
| Asset turnover | 1.02 | 0.86 | 0.86 |
| Return ratios | |||
| Return on assets % | 5.2% | 4.6% | 4.9% |
| Return on capital employed % | 20.2% | 19.7% | 17.5% |
| Return on equity % | 12.2% | 11.4% | 8.7% |
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.