Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 27.7% | 28.5% | 28.4% |
| EBITDA margin % | 14% | 14.3% | 14.6% |
| EBIT margin % | 8.2% | 8.8% | 9.4% |
| PAT margin % | 5.2% | 5.9% | 6.5% |
| Working capital | |||
| Receivable days | 1 | 2 | 1 |
| Inventory days | 83 | 88 | 80 |
| Payable days | 69 | 70 | 64 |
| NWC days | 15 | 20 | 17 |
| Leverage | |||
| Current ratio | 1.08 | 1.33 | 1.6 |
| Debt to EBITDA | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | 5.3 | 6.7 | 7.6 |
| Asset turnover | 1.05 | 1.07 | 1.13 |
| Return ratios | |||
| Return on assets % | 5.4% | 6.3% | 7.3% |
| Return on capital employed % | 11.4% | 13.9% | 15.7% |
| Return on equity % | 8.2% | 9.9% | 11.3% |
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.