Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 94.3% | 94.1% | 95.2% |
| EBITDA margin % | 34.3% | 33.2% | 32% |
| EBIT margin % |
| 33% |
| 32% |
| 31% |
| PAT margin % | 26% | 28.1% | 26.7% |
| Working capital | |||
| Receivable days | 117 | 135 | 132 |
| Inventory days | 16 | 15 | 20 |
| Payable days | 1,484 | 1,371 | 1,118 |
| NWC days | -1,350 | -1,221 | -967 |
| Leverage | |||
| Current ratio | 1.95 | 2.03 | 2.15 |
| Debt to EBITDA | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | 84.4 | 102.2 | 102.9 |
| Asset turnover | 0.7 | 0.69 | 0.69 |
| Return ratios | |||
| Return on assets % | 18.2% | 19.3% | 18.4% |
| Return on capital employed % | 45.5% | 46.3% | 43.7% |
| Return on equity % | 34.4% | 35.9% | 32.3% |
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.