Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 82.4% | 82.3% | 81.8% | 80.8% |
| EBITDA margin % | 22.6% | 22.3% | 23.5% | 22.9% |
| EBIT margin % | 18.2% | 18.3% | 19% | 17% |
| PAT margin % | 8.2% | 16.5% | 15.3% | 13.3% |
| Working capital | ||||
| Receivable days | 19 | 20 | 12 | 18 |
| Inventory days | 44 | 41 | 38 | 49 |
| Payable days | 164 | 120 | 163 | 121 |
| NWC days | -101 | -59 | -113 | -54 |
| Leverage | ||||
| Current ratio | 1.58 | 3.87 | 4.51 | 3.02 |
| Debt to EBITDA | 2.33 | 0 | 1.1 | 1.48 |
| Debt to equity | 1.28 | 0 | 0.24 | 0.33 |
| Interest coverage | 4.1 | 8.4 | 25.4 | 9.1 |
| Asset turnover | 0.91 | 0.83 | 0.66 | 0.63 |
| Return ratios | ||||
| Return on assets % | 7.4% | 13.8% | 10.2% | 8.4% |
| Return on capital employed % | 20.3% | 21.9% | 18.3% | 15.2% |
| Return on equity % | 19.9% | 15.1% | 14.3% | 12.9% |
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.