Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 48.1% | 43.8% | 43.4% | 47.9% | 48.7% |
| EBITDA margin % | 16.5% | 14.7% | 15.8% | 17.8% | 16.6% |
| EBIT margin % | 13.5% | 12.1% | 13.8% | 15.8% | 14.6% |
| PAT margin % | 11.4% | 10.3% | 11.5% | 13.7% | 13.9% |
| Working capital | |||||
| Receivable days | 77 | 62 | 68 | 63 | 64 |
| Inventory days | 108 | 121 | 83 | 90 | 98 |
| Payable days | 110 | 91 | 77 | 86 | 90 |
| NWC days | 75 | 92 | 75 | 67 | 72 |
| Leverage | |||||
| Current ratio | 2.7 | 2.89 | 2.87 | 3.16 | 3.15 |
| Debt to EBITDA | 0.19 | 0.17 | 0.12 | 0.12 | 0.04 |
| Debt to equity | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 |
| Interest coverage | 44.7 | 42.6 | 83.1 | 48.6 | 77.5 |
| Asset turnover | 0.81 | 0.93 | 1.03 | 0.95 | 0.88 |
| Return ratios | |||||
| Return on assets % | 9.2% | 9.6% | 11.8% | 13% | 12.2% |
| Return on capital employed % | 17.1% | 17.8% | 22.6% | 25.1% | 23% |
| Return on equity % | 13.4% | 13.5% | 16.6% | 18.2% | 16.7% |
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.