Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 12.7% | 13.3% | 15.1% | 13.8% | ||||
| 16.8% |
| 16.8% |
| 16.7% |
| 15.9% |
| EBITDA margin % | 6.8% | 7.4% | 8.3% | 6.7% | 8.5% | 9% | 8.8% | 7.7% |
| EBIT margin % | 6.6% | 7.2% | 8.1% | 6.5% | 8.3% | 8.9% | 8.7% | 7.5% |
| PAT margin % | 6.2% | 6.6% | 7.9% | 9.3% | 10% | 9.4% | 10.4% | 10% |
| Working capital | ||||||||
| Receivable days | 39 | 44 | 52 | 54 | — | 52 | 46 | 48 |
| Inventory days | 39 | 40 | 46 | 50 | 42 | 47 | 49 | 45 |
| Payable days | 29 | 37 | 36 | 28 | — | — | 35 | 36 |
| NWC days | 50 | 47 | 62 | 76 | — | — | 60 | 58 |
| Leverage | ||||||||
| Current ratio | 4.03 | 4.09 | 5.68 | 6.07 | 4.66 | 3.84 | 3.95 | 3.81 |
| Debt to EBITDA | 0.38 | 0.34 | 0.31 | 0.38 | 0 | 0.09 | 0 | 0 |
| Debt to equity | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | 2,224.3 | 906.3 | 9,373 | 4,552 |
| Asset turnover | 0.77 | 0.58 | 0.46 | 0.5 | 0.33 | 0.47 | 0.48 | 0.32 |
| Return ratios | ||||||||
| Return on assets % | 4.8% | 3.8% | 3.6% | 4.7% | 3.2% | 4.4% | 5% | 3.2% |
| Return on capital employed % | 7.4% | 6.4% | 6.4% | 5.9% | 5.2% | 5.1% | 6.9% | 5% |
| Return on equity % | 5.2% | 4.2% | 4.1% | 5.3% | 3.7% | 4.9% | 5.5% | 3.6% |
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.