Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 47% | 41.9% | 38.6% | 37.3% | 37.9% | 40.2% |
| EBITDA margin % | 17.8% | 15.1% | 10% | 11.7% | 15.3% | 18.1% |
| EBIT margin % | 16.3% | 13.1% | 7.6% | 10% | 13.8% | 16.9% |
| PAT margin % | 12.1% | 10.8% | 6.2% | 8.2% | 11.4% | 13.9% |
| Working capital | ||||||
| Receivable days | 71 | 65 | 68 | 58 | 59 | 61 |
| Inventory days | 94 | 92 | 104 | 85 | 91 | 77 |
| Payable days | 81 | 66 | 114 | 94 | 113 | 120 |
| NWC days | 84 | 92 | 58 | 49 | 36 | 19 |
| Leverage | ||||||
| Current ratio | 2.55 | — | 3.1 | 3.2 | 2.17 | 2.52 |
| Debt to EBITDA | 0.01 | — | 0 | 0 | 0 | 0 |
| Debt to equity | 0.01 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 472 | 119.2 | 90.8 | 99.8 | 84.6 | 243.6 |
| Asset turnover | 1.42 | 1.26 | 0.98 | 1.11 | 1.46 | 1.29 |
| Return ratios | ||||||
| Return on assets % | 17.3% | 13.6% | 6.1% | 9% | 16.6% | 18% |
| Return on capital employed % | 36% | 26.7% | 11.8% | 17.6% | 30.9% | 40% |
| Return on equity % | 25.6% | 18.4% | 8.5% | 12.5% | 26.9% | 27.2% |
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.