Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 40.1% | 39.6% | 39.5% |
| EBITDA margin % | 11.1% | 11.9% | 11% |
| EBIT margin % | 8.2% | 9.1% | 8.2% |
| PAT margin % | 6.8% | 6.9% | 6.1% |
| Working capital | |||
| Receivable days | 38 | 36 | 34 |
| Inventory days | 115 | 104 | 117 |
| Payable days | 70 | 64 | 60 |
| NWC days | 84 | 76 | 90 |
| Leverage | |||
| Current ratio | 2.22 | 2.38 | 2.5 |
| Debt to EBITDA | 0.12 | 0.1 | 0.11 |
| Debt to equity | 0.03 | 0.03 | 0.02 |
| Interest coverage | 18.9 | 18.4 | 16.6 |
| Asset turnover | 1.64 | 1.59 | 1.51 |
| Return ratios | |||
| Return on assets % | 11.1% | 11.1% | 9.2% |
| Return on capital employed % | 21.1% | 21.9% | 19.3% |
| Return on equity % | 16.8% | 16.1% | 12.8% |
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.