Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 87.5% | 88.3% | 88.2% |
| EBITDA margin % | 32% | 32.2% | 30.7% |
| EBIT margin % |
| 17.1% |
| 18.2% |
| 17.4% |
| PAT margin % | 10.6% | 12.3% | 10.1% |
| Working capital | |||
| Receivable days | 15 | 20 | 27 |
| Inventory days | 89 | 100 | 81 |
| Payable days | 193 | 169 | 209 |
| NWC days | -88 | -49 | -101 |
| Leverage | |||
| Current ratio | 1.84 | 1.1 | 1.05 |
| Debt to EBITDA | 1.29 | 0.07 | 0.02 |
| Debt to equity | 0.5 | 0.03 | 0.01 |
| Interest coverage | 4.7 | 5.9 | 4.5 |
| Asset turnover | 0.73 | 0.76 | 0.69 |
| Return ratios | |||
| Return on assets % | 7.7% | 9.3% | 7% |
| Return on capital employed % | 15.7% | 18.1% | 16.8% |
| Return on equity % | 12.9% | 14.7% | 12.8% |
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.