Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 27.8% | 27.9% | 25.2% |
| EBITDA margin % | 20.4% | 19.1% | 14.6% |
| EBIT margin % | 18.9% | 18% | 13.3% |
| PAT margin % | 11.5% | 13.2% | 10.9% |
| Working capital | |||
| Receivable days | 103 | 128 | 143 |
| Inventory days | 186 | 241 | 270 |
| Payable days | 72 | 26 | 13 |
| NWC days | 217 | 344 | 400 |
| Leverage | |||
| Current ratio | 1.43 | 6.97 | 10.93 |
| Debt to EBITDA | 1.7 | 0.3 | 0.23 |
| Debt to equity | 0.78 | 0.05 | 0.03 |
| Interest coverage | 3.8 | 9.5 | 26.1 |
| Asset turnover | 1.03 | 0.79 | 0.83 |
| Return ratios | |||
| Return on assets % | 11.7% | 10.5% | 9.1% |
| Return on capital employed % | 40.4% | 25.3% | 13.5% |
| Return on equity % | 25.9% | 11.9% | 9.9% |
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.