Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 43.9% | 46.4% |
| EBITDA margin % | 17.5% | 15.4% |
| EBIT margin % | 15.7% | 13.3% |
| PAT margin % | 11.2% | 10.7% |
| Working capital | ||
| Receivable days | 127 | 120 |
| Inventory days | 296 | 386 |
| Payable days | 115 | 171 |
| NWC days | 309 | 335 |
| Leverage | ||
| Current ratio | 3.65 | 2.4 |
| Debt to EBITDA | 0.36 | 0.48 |
| Debt to equity | 0.06 | 0.07 |
| Interest coverage | 7.2 | 11.3 |
| Asset turnover | 0.64 | 0.62 |
| Return ratios | ||
| Return on assets % | 7.2% | 6.6% |
| Return on capital employed % | 14.7% | 15.5% |
| Return on equity % | 9.7% | 10.5% |
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.