Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 44.9% | 45.8% | 46.7% | 45.8% |
| EBITDA margin % | 23.1% | 22% | ||
| 18% |
| 20.1% |
| EBIT margin % | 21.4% | 20.1% | 16.2% | 17.9% |
| PAT margin % | 17.2% | 16.5% | 13.1% | 13.2% |
| Working capital | ||||
| Receivable days | 70 | 77 | 91 | 115 |
| Inventory days | 248 | 206 | 198 | 151 |
| Payable days | 90 | 70 | 71 | 74 |
| NWC days | 228 | 213 | 218 | 193 |
| Leverage | ||||
| Current ratio | 5.42 | 6.8 | 4.78 | 5.21 |
| Debt to EBITDA | 0 | 0 | 0 | 0.33 |
| Debt to equity | 0 | 0 | 0 | 0.07 |
| Interest coverage | 1,553.5 | 3,454 | 386.2 | 18.8 |
| Asset turnover | 0.86 | 0.89 | 0.83 | 0.84 |
| Return ratios | ||||
| Return on assets % | 14.8% | 14.7% | 10.9% | 11% |
| Return on capital employed % | 23.4% | 24% | 18.7% | 20.3% |
| Return on equity % | 17.4% | 16.7% | 14% | 13.7% |
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.