Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 43.1% | 36.7% | 37.3% | 44.8% | 47.5% |
| EBITDA margin % | 12.3% | 10% | 10.5% | 14.5% | 15.7% |
| EBIT margin % | 9.1% | 7.5% | 8.3% | 11.2% | 12.1% |
| PAT margin % | 4.2% | 3.8% | 5% | 6.7% | 7.7% |
| Working capital | |||||
| Receivable days | 82 | 61 | 46 | 41 | 44 |
| Inventory days | 217 | 192 | 168 | 155 | 165 |
| Payable days | 29 | 32 | 29 | 39 | 29 |
| NWC days | 270 | 221 | 185 | 158 | 180 |
| Leverage | |||||
| Current ratio | 1.69 | 1.67 | 1.68 | 1.51 | 1.82 |
| Debt to EBITDA | 3.28 | 3.99 | 3.18 | 1.72 | 1.44 |
| Debt to equity | 0.78 | 0.89 | 0.83 | 0.64 | 0.53 |
| Interest coverage | 2.5 | 2.9 | 4.1 | 5.1 | 6.7 |
| Asset turnover | 0.91 | 1.03 | 1.18 | 1.29 | 1.3 |
| Return ratios | |||||
| Return on assets % | 3.8% | 3.9% | 5.8% | 8.6% | 10% |
| Return on capital employed % | 13.2% | 12.7% | 16% | 23.8% | 24.8% |
| Return on equity % | 8.1% | 8.5% | 12.3% | 17.1% | 18% |
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.