Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 56.1% | 56.7% | 55.3% |
| EBITDA margin % | 24% | 23.6% | 22.9% |
| EBIT margin % | 21.7% | 21% | 19.9% |
| PAT margin % | 16.1% | 15.9% | 15.1% |
| Working capital | |||
| Receivable days | 4 | 7 | 5 |
| Inventory days | 71 | 119 | 91 |
| Payable days | 76 | 99 | 105 |
| NWC days | -1 | 26 | -9 |
| Leverage | |||
| Current ratio | 0.88 | 0.8 | 0.96 |
| Debt to EBITDA | 0.01 | 0.16 | 0 |
| Debt to equity | 0.01 | 0.19 | 0 |
| Interest coverage | 37.3 | 31.6 | 29.4 |
| Asset turnover | 2.32 | 1.66 | 1.76 |
| Return ratios | |||
| Return on assets % | 37.4% | 26.3% | 26.5% |
| Return on capital employed % | 82.7% | 61% | 58.3% |
| Return on equity % | 117.7% | 80% | 67.9% |
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.