Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 30% | 32.1% | 31.3% | 31.6% |
| EBITDA margin % | 12.6% | 12.8% | 11.2% | 13.4% |
| EBIT margin % | 10% | 10% | 8.6% | 11.3% |
| PAT margin % | 9.2% | 12.5% | 9.4% | 8.4% |
| Working capital | ||||
| Receivable days | 54 | 59 | 75 | 51 |
| Inventory days | 56 | 65 | 54 | 53 |
| Payable days | 68 | 55 | 53 | 43 |
| NWC days | 42 | 69 | 76 | 60 |
| Leverage | ||||
| Current ratio | 3.56 | 4.6 | 4.77 | 5.63 |
| Debt to EBITDA | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 |
| Interest coverage | 98.6 | 73.4 | 63.2 | 75.8 |
| Asset turnover | 0.92 | 0.83 | 0.79 | 0.92 |
| Return ratios | ||||
| Return on assets % | 8.5% | 10.4% | 7.3% | 7.8% |
| Return on capital employed % | 14.3% | 17% | 12.1% | 13.1% |
| Return on equity % | 11.2% | 13.1% | 9.3% | 9.6% |
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.