Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 62.5% | 63.6% | 63.9% |
| EBITDA margin % | 16.6% | 18.1% | 26.7% |
| EBIT margin % | 14.3% | 16.1% | 25.1% |
| PAT margin % | 14.1% | 16.1% | 20.8% |
| Working capital | |||
| Receivable days | 115 | 115 | 108 |
| Inventory days | 189 | 141 | 141 |
| Payable days | 123 | 137 | 91 |
| NWC days | 182 | 119 | 157 |
| Leverage | |||
| Current ratio | 3.05 | 2.86 | 2.75 |
| Debt to EBITDA | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | 271 | — | — |
| Asset turnover | 0.63 | 0.67 | 0.77 |
| Return ratios | |||
| Return on assets % | 8.9% | 10.7% | 16% |
| Return on capital employed % | 14.2% | 17.6% | 27.7% |
| Return on equity % | 10.7% | 13.3% | 19.5% |
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.