Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 76% | 80.6% | 76.9% |
| EBITDA margin % | 35.2% | 35.1% | 34.4% |
| EBIT margin % | 32.9% | 32% | 31.6% |
| PAT margin % | 28.6% | 28.8% | 28.5% |
| Working capital | |||
| Receivable days | 53 | 44 | — |
| Inventory days | 168 | 240 | 239 |
| Payable days | 16 | 32 | — |
| NWC days | 205 | 251 | — |
| Leverage | |||
| Current ratio | 12.35 | 14.38 | 14.91 |
| Debt to EBITDA | 0 | 0 | — |
| Debt to equity | 0 | 0 | — |
| Interest coverage | — | — | — |
| Asset turnover | 0.6 | 0.56 | 0.54 |
| Return ratios | |||
| Return on assets % | 17% | 16.1% | 15.4% |
| Return on capital employed % | 24% | 24.8% | 23.7% |
| Return on equity % | 18.2% | 17.2% | — |
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.