Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 95.8% | 49.3% | 46% | 48.9% | 47.1% | 56.5% | 47.9% | 49.1% |
| EBITDA margin % | 11.8% | 10.8% | 13.7% | 5.4% | 8.6% | 10.9% | 14.1% | 17.6% |
| EBIT margin % | 9% | 7.3% | 11% | 0% | 2.8% | 1.3% | 9.6% | 14.3% |
| PAT margin % | 13.3% | 11.4% | 12.5% | 8.8% | 9% | 10.3% | 11.3% | 17% |
| Working capital | ||||||||
| Receivable days | 96 | 154 | 120 | 104 | 178 | 169 | 112 | 150 |
| Inventory days | 1,621 | 199 | 147 | 349 | 204 | 705 | 320 | 270 |
| Payable days | 656 | 124 | 73 | — | 106 | 168 | 74 | 86 |
| NWC days | 1,061 | 230 | 194 | — | 276 | 706 | 357 | 335 |
| Leverage | ||||||||
| Current ratio | 7.4 | 5.18 | 4.33 | 4.99 | 6.62 | 7.69 | 4.42 | 3.44 |
| Debt to EBITDA | 0 | 0.04 | 0.06 | 0.19 | 0.08 | 0 | 0 | 0.01 |
| Debt to equity | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 79.4 | 37 | 54.4 | 21 | 24 | 24 | 51.1 | 52.1 |
| Asset turnover | 0.59 | 0.42 | 0.52 | 0.31 | 0.34 | 0.23 | 0.44 | 0.51 |
| Return ratios | ||||||||
| Return on assets % | 7.9% | 4.8% | 6.6% | 2.7% | 3.1% | 2.4% | 5% | 8.6% |
| Return on capital employed % | 11% | 6.7% | 9.8% | 3.3% | 4.4% | 3% | 7.3% | 13.1% |
| Return on equity % | 8.8% | 5.5% | 7.4% | 3% | 3.4% | 2.6% | 5.6% | 10% |
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.