Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 79% | 79.1% | 80.3% |
| EBITDA margin % | 17.9% | 15.9% | 12.7% |
| EBIT margin % | 14.3% | 12.4% | 10.3% |
| PAT margin % | 10.6% | 9.5% | 7.7% |
| Working capital | |||
| Receivable days | 88 | 89 | 100 |
| Inventory days | 194 | 209 | 234 |
| Payable days | 126 | 130 | 181 |
| NWC days | 156 | 167 | 153 |
| Leverage | |||
| Current ratio | 2.89 | 3.12 | 2.7 |
| Debt to EBITDA | 0.14 | 0.04 | 0.07 |
| Debt to equity | 0.06 | 0.01 | 0.01 |
| Interest coverage | 12.9 | 14 | 14.2 |
| Asset turnover | 1.35 | 1.24 | 1.15 |
| Return ratios | |||
| Return on assets % | 14.4% | 11.7% | 8.9% |
| Return on capital employed % | 26.7% | 22.3% | 19.6% |
| Return on equity % | 23.7% | 17.6% | 13.8% |
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.