Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 14.4% | 13.9% | 13.8% | 13.7% |
| EBITDA margin % | 6.4% | 5.5% | ||
| 5.2% |
| 5.3% |
| EBIT margin % | 6.2% | 5.3% | 5% | 5.1% |
| PAT margin % | 5.4% | 4.9% | 4.7% | 4.9% |
| Working capital | ||||
| Receivable days | 60 | 62 | 64 | 55 |
| Inventory days | 69 | 73 | 79 | 68 |
| Payable days | 65 | 70 | 65 | 45 |
| NWC days | 64 | 65 | 77 | 78 |
| Leverage | ||||
| Current ratio | 2.9 | 3.15 | 3.4 | 3.78 |
| Debt to EBITDA | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — |
| Asset turnover | 1.71 | 1.64 | 1.61 | 1.76 |
| Return ratios | ||||
| Return on assets % | 9.3% | 8% | 7.6% | 8.6% |
| Return on capital employed % | 17.6% | 15.9% | 14.7% | 15.2% |
| Return on equity % | 13.4% | 11.4% | 10.5% | 11% |
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.