Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 51.6% | 55.3% |
| EBITDA margin % | 12.7% | 11.9% |
| EBIT margin % | 11.6% | 10.9% |
| PAT margin % | 6.2% | 5.9% |
| Working capital | ||
| Receivable days | 91 | 92 |
| Inventory days | 77 | 91 |
| Payable days | 332 | 330 |
| NWC days | -165 | -147 |
| Leverage | ||
| Current ratio | 1.31 | 1.31 |
| Debt to EBITDA | 0.96 | 0.8 |
| Debt to equity | 0.34 | 0.29 |
| Interest coverage | 3.3 | 3.7 |
| Asset turnover | 0.85 | 0.94 |
| Return ratios | ||
| Return on assets % | 5.2% | 5.5% |
| Return on capital employed % | 33.1% | 36% |
| Return on equity % | 17.4% | 17.7% |
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.