Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 57.4% | 55.3% | 54.7% | 58.7% | 58.2% | 55.9% |
| EBITDA margin % | 12.9% | 15.7% | 19.9% | 26.5% | 23.4% | 15.7% |
| EBIT margin % | 4.1% | 7.8% | 13.2% | 22% | 19.3% | 11.1% |
| PAT margin % | 5.8% | 1.7% | 6.7% | 14.8% | 14.4% | 9.1% |
| Working capital | ||||||
| Receivable days | 28 | 29 | 28 | — | 9 | 7 |
| Inventory days | 192 | 143 | 118 | — | 75 | 107 |
| Payable days | 117 | 112 | 102 | — | 54 | 58 |
| NWC days | 103 | 60 | 43 | — | 29 | 55 |
| Leverage | ||||||
| Current ratio | 1.05 | 1.07 | 1.24 | — | 2.71 | 2.59 |
| Debt to EBITDA | 6.53 | 3.69 | 1.83 | — | 0.46 | 1.09 |
| Debt to equity | 0.78 | 0.78 | 0.51 | — | 0.16 | 0.2 |
| Interest coverage | 1.5 | 1.5 | 3.7 | 21.4 | 19.1 | 15.9 |
| Asset turnover | 0.41 | 0.6 | 0.7 | — | 1.05 | 0.83 |
| Return ratios | ||||||
| Return on assets % | 2.4% | 1% | 4.7% | — | 15% | 7.5% |
| Return on capital employed % | 3.1% | 6% | 11.8% | — | 24.7% | 12.4% |
| Return on equity % | 5.4% | 2.2% | 9.4% | — | 21.5% | 10.8% |
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.