Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 29.9% | 31.2% | 32.3% |
| EBITDA margin % | 12.4% | 13.4% | 15.2% |
| EBIT margin % | 9.3% | 11% | 12.8% |
| PAT margin % | 5.9% | 6.3% | 8.5% |
| Working capital | |||
| Receivable days | 91 | 113 | 60 |
| Inventory days | 102 | 101 | 157 |
| Payable days | 60 | 50 | 92 |
| NWC days | 133 | 164 | 124 |
| Leverage | |||
| Current ratio | 1.34 | 1.33 | 1.34 |
| Debt to EBITDA | 2.14 | 3.13 | 2.75 |
| Debt to equity | 0.53 | 0.88 | 0.9 |
| Interest coverage | 3.8 | 3.7 | 4.9 |
| Asset turnover | 1.03 | 0.9 | 0.79 |
| Return ratios | |||
| Return on assets % | 6.1% | 5.7% | 6.7% |
| Return on capital employed % | 19% | 20.6% | 19.9% |
| Return on equity % | 11.8% | 13.3% | 18.2% |
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.