Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 25.7% | 27.4% | 26.7% | 27.5% |
| EBITDA margin % | 11.5% | 9% | 10.1% | 10.9% |
| EBIT margin % | 9.4% | 6.4% | 7.7% | 8.7% |
| PAT margin % | 6.9% | 6.8% | 6.3% | 6.1% |
| Working capital | ||||
| Receivable days | 46 | 60 | 56 | 45 |
| Inventory days | 25 | 42 | 28 | 30 |
| Payable days | 17 | 22 | 15 | 16 |
| NWC days | 54 | 81 | 70 | 59 |
| Leverage | ||||
| Current ratio | 6.01 | 7.14 | 5.32 | 2.84 |
| Debt to EBITDA | 0.08 | 0.48 | 0.68 | 1.22 |
| Debt to equity | 0.02 | 0.06 | 0.11 | 0.22 |
| Interest coverage | 24 | 14 | 13.2 | 17.6 |
| Asset turnover | 1.63 | 1.15 | 1.2 | 1.1 |
| Return ratios | ||||
| Return on assets % | 11.3% | 7.9% | 7.5% | 6.7% |
| Return on capital employed % | 18% | 13.2% | 13.1% | 13.1% |
| Return on equity % | 14.4% | 10.3% | 10% | 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.