Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 86.9% | 87.5% | 87.3% |
| EBITDA margin % | 33.3% | 32.4% | 30.7% |
| EBIT margin % |
| 24.5% |
| 22.6% |
| 20.2% |
| PAT margin % | 11.9% | 13.2% | 9.3% |
| Working capital | |||
| Receivable days | 21 | 22 | 21 |
| Inventory days | 73 | 515 | 462 |
| Payable days | 233 | 235 | 223 |
| NWC days | -139 | 302 | 260 |
| Leverage | |||
| Current ratio | 0.96 | 1.62 | 1.23 |
| Debt to EBITDA | 0.17 | 0.36 | 1.18 |
| Debt to equity | 0.03 | 0.06 | 0.19 |
| Interest coverage | 2.3 | 10 | 5 |
| Asset turnover | 0.39 | 0.38 | 0.34 |
| Return ratios | |||
| Return on assets % | 4.7% | 5% | 3.2% |
| Return on capital employed % | 11.7% | 11.7% | 0.2% |
| Return on equity % | 5.7% | 6.5% | 4.9% |
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.