Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 66% | 69.6% | 70.6% | 75.4% | 69.8% |
| EBITDA margin % | |||||
Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 66% | 69.6% | 70.6% | 75.4% | 69.8% |
| EBITDA margin % | |||||
| 5.3% |
| 7.6% |
| 6.7% |
| 11% |
| 8.6% |
| EBIT margin % | 2.7% | 5.9% | 4.9% | 8.1% | 5.5% |
| PAT margin % | 0.8% | 4.5% | 5.6% | 4.2% | 2.7% |
| Working capital | |||||
| Receivable days | 70 | 55 | 58 | 68 | 78 |
| Inventory days | 268 | 271 | 288 | 425 | 329 |
| Payable days | 169 | 155 | 166 | 230 | 193 |
| NWC days | 169 | 171 | 180 | 263 | 214 |
| Leverage | |||||
| Current ratio | 1.87 | 1.8 | 1.63 | 1.68 | 1.69 |
| Debt to EBITDA | 2.92 | 1.3 | 1.9 | 1.77 | 3.08 |
| Debt to equity | 0.25 | 0.2 | 0.25 | 0.29 | 0.36 |
| Interest coverage | 1.3 | 3.1 | 6.9 | 5.8 | 2.5 |
| Asset turnover | 0.86 | 1.15 | 1.08 | 0.84 | 0.77 |
| Return ratios | |||||
| Return on assets % | 0.7% | 5.2% | 6% | 3.5% | 2.1% |
| Return on capital employed % | 5.7% | 14.1% | 17.5% | 13.8% | 8.8% |
| Return on equity % | 1.3% | 9.5% | 10.7% | 6.3% | 3.7% |
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.