Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 39.8% | 38.8% |
| EBITDA margin % | 19.1% | 18.2% |
| EBIT margin % | 16.5% | 15.1% |
| PAT margin % | 14.5% | 11.9% |
| Working capital | ||
| Receivable days | 81 | 85 |
| Inventory days | 124 | 135 |
| Payable days | 77 | 105 |
| NWC days | 128 | 116 |
| Leverage | ||
| Current ratio | 3.87 | 2.97 |
| Debt to EBITDA | — | 0 |
| Debt to equity | — | 0 |
| Interest coverage | 131.7 | 148.8 |
| Asset turnover | 0.92 | 0.94 |
| Return ratios | ||
| Return on assets % | 13.3% | 11.2% |
| Return on capital employed % | 19.4% | 18.6% |
| Return on equity % | 15.9% | 14.2% |
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.