Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 43.5% | 44.5% | 43.1% | 40.9% | 40.5% |
| EBITDA margin % | 14.8% | 18% | 13.3% | 15.3% | 15.4% |
| EBIT margin % | 12.6% | 16.6% | 11.6% | 13.8% | 14.1% |
| PAT margin % | 13.1% | 15.1% | 11.4% | 13.1% | 12.9% |
| Working capital | |||||
| Receivable days | 40 | 52 | 64 | 34 | 40 |
| Inventory days | 102 | 134 | 130 | 159 | 122 |
| Payable days | 80 | 99 | 114 | 87 | 88 |
| NWC days | 62 | 87 | 80 | 106 | 73 |
| Leverage | |||||
| Current ratio | 2.9 | 2.3 | 2.25 | 2.13 | 2.02 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 83.9 | 67.5 | 64.9 | 85.9 | 146.4 |
| Asset turnover | 0.67 | 0.76 | 0.74 | 0.78 | 0.89 |
| Return ratios | |||||
| Return on assets % | 8.7% | 11.5% | 8.4% | 10.2% | 11.5% |
| Return on capital employed % | 16.7% | 26% | 19% | 26% | 29.1% |
| Return on equity % | 12.7% | 18.7% | 13.6% | 17.4% | 18.9% |
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.