Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 30% | 28.4% | 27.5% |
| EBITDA margin % | 13.7% | 13% | 12% |
| EBIT margin % | 12.9% | 12.1% | 11.2% |
| PAT margin % | 8.9% | 8.2% | 8.6% |
| Working capital | |||
| Receivable days | 128 | 112 | 241 |
| Inventory days | 118 | 85 | 96 |
| Payable days | 130 | 84 | 191 |
| NWC days | 116 | 113 | 145 |
| Leverage | |||
| Current ratio | 1.46 | 1.51 | 1.82 |
| Debt to EBITDA | 1.23 | 1.48 | 1.82 |
| Debt to equity | 0.51 | 0.65 | 0.29 |
| Interest coverage | 9.3 | 8.2 | 10.7 |
| Asset turnover | 1.27 | 1.48 | 0.72 |
| Return ratios | |||
| Return on assets % | 11.2% | 12.1% | 6.1% |
| Return on capital employed % | 37.8% | 44.3% | 24.1% |
| Return on equity % | 27.1% | 27.8% | 11.5% |
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.