Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 83.4% | 85.9% | 17.2% | 15.7% | 11.6% | 17.1% | 17.9% |
| EBITDA margin % | — | — | 10.5% | 9.3% | 3.2% | 7.4% | 7.5% |
| EBIT margin % | — | — | 9.8% | 8.8% | 2.5% | 6.6% | 6.7% |
| PAT margin % | 4.5% | 5.6% | 7.2% | 6.5% | 1.8% | 5.6% | 5.4% |
| Working capital | |||||||
| Receivable days | — | — | 42 | 50 | 50 | 64 | 63 |
| Inventory days | — | — | 53 | 41 | 28 | 44 | 81 |
| Payable days | — | — | 34 | 28 | 21 | 40 | 45 |
| NWC days | — | — | 61 | 63 | 58 | 69 | 99 |
| Leverage | |||||||
| Current ratio | — | — | 2.24 | 2.83 | 4.03 | 3.48 | 2.97 |
| Debt to EBITDA | — | — | 0.41 | 0.3 | 0.36 | 0.14 | 0.37 |
| Debt to equity | — | — | 0.18 | 0.11 | 0.04 | 0.03 | 0.07 |
| Interest coverage | -0.4 | -0.6 | 31.7 | 49.3 | 6.6 | 27.7 | 29.6 |
| Asset turnover | — | — | 2.58 | 2.78 | 2.65 | 1.98 | 1.83 |
| Return ratios | |||||||
| Return on assets % | — | — | 18.7% | 18.2% | 4.9% | 11% | 9.8% |
| Return on capital employed % | — | — | 37.9% | 38.1% | 9.8% | 20.7% | 19.1% |
| Return on equity % | — | — | 29.5% | 26.1% | 6.2% | 14.6% | 13.7% |
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.