Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 39.9% | 38.7% | 30% | 29.8% |
| EBITDA margin % | 23.3% | 23.1% | 14.7% | 13.3% |
| EBIT margin % | 22.5% | 22% | 13.7% | 12% |
| PAT margin % | 16.2% | 16.5% | 12.8% | 11.4% |
| Working capital | ||||
| Receivable days | 49 | 69 | 74 | 101 |
| Inventory days | 71 | 48 | 63 | 78 |
| Payable days | 36 | 58 | 57 | 83 |
| NWC days | 84 | 59 | 81 | 95 |
| Leverage | ||||
| Current ratio | 1.87 | 6.77 | 5.22 | 4.17 |
| Debt to EBITDA | 0.32 | 0.12 | 0.16 | 0.06 |
| Debt to equity | 0.28 | 0.02 | 0.02 | 0.01 |
| Interest coverage | 24.5 | 25.6 | 25.3 | 24.1 |
| Asset turnover | 1.91 | 0.67 | 0.84 | 0.82 |
| Return ratios | ||||
| Return on assets % | 31% | 11% | 10.7% | 9.3% |
| Return on capital employed % | 68.9% | 28.8% | 18.8% | 16% |
| Return on equity % | 60.7% | 13.1% | 13.1% | 11.6% |
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.