Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 55.2% | 56.3% | 55.8% | 56.1% |
| EBITDA margin % | 21.2% | 22.1% | ||
| 21.8% |
| 21.6% |
| EBIT margin % | 19.7% | 20.5% | 19.9% | 19.5% |
| PAT margin % | 16% | 17.3% | 17.3% | 16.3% |
| Working capital | ||||
| Receivable days | 54 | 52 | 70 | 72 |
| Inventory days | 348 | 320 | 312 | 250 |
| Payable days | 52 | 59 | 87 | 82 |
| NWC days | 350 | 313 | 295 | 241 |
| Leverage | ||||
| Current ratio | 1.69 | 1.77 | 1.68 | 1.78 |
| Debt to EBITDA | 0 | 0.05 | 0.12 | 0.2 |
| Debt to equity | 0 | 0.02 | 0.04 | 0.06 |
| Interest coverage | 57.2 | 46.5 | 35.2 | 38.4 |
| Asset turnover | 0.84 | 0.94 | 0.79 | 0.79 |
| Return ratios | ||||
| Return on assets % | 13.5% | 16.3% | 13.7% | 12.8% |
| Return on capital employed % | 36.5% | 41.9% | 37.9% | 34.7% |
| Return on equity % | 28.2% | 30.2% | 25.9% | 23.1% |
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.