Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 53.7% | 47.5% | 51.3% | 43.1% | 43.3% | 43.5% | 42.6% | 39.7% |
| EBITDA margin % | 22.2% | 19.9% | 22.3% | 19.8% | 13.9% | 14.5% | 14.3% | 13.7% |
| EBIT margin % | 15.2% | 12.1% | 12.2% | 9.8% | 10% | 10.3% | 10.2% | 10% |
| PAT margin % | 6.8% | 5.1% | 9.1% | 8.8% | 8.5% | 4.9% | 4.1% | 4.9% |
| Working capital | ||||||||
| Receivable days | 55 | 50 | 39 | 63 | 51 | 59 | 104 | 56 |
| Inventory days | 303 | 179 | 265 | 203 | 169 | 191 | 270 | 235 |
| Payable days | 24 | 194 | 67 | 20 | 26 | 32 | 107 | 26 |
| NWC days | 334 | 35 | 237 | 245 | 194 | 218 | 267 | 265 |
| Leverage | ||||||||
| Current ratio | 5.51 | 1.73 | 3.64 | 2.08 | 2.15 | 2.86 | 2.59 | 6.38 |
| Debt to EBITDA | 3.78 | 2.54 | 3.07 | 2.23 | 2.77 | 2.06 | 2.26 | 1.65 |
| Debt to equity | 1.44 | 0.87 | 0.88 | 0.54 | 0.58 | 0.35 | 0.34 | 0.27 |
| Interest coverage | 2.7 | 2.5 | 2.7 | 2.2 | 4.7 | 3.5 | 3.1 | 3.1 |
| Asset turnover | 0.63 | 0.65 | 0.57 | 0.71 | 0.87 | 0.78 | 0.64 | 0.83 |
| Return ratios | ||||||||
| Return on assets % | 4.3% | 3.3% | 5.2% | 6.2% | 7.3% | 3.8% | 2.6% | 4.1% |
| Return on capital employed % | 13.8% | 13.3% | 10.1% | 10.7% | 12.3% | 9.8% | 8.8% | 9.7% |
| Return on equity % | 11.7% | 8.7% | 11.7% | 10.7% | 12.8% | 5.8% | 4.2% | 5.9% |
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.