Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 42.4% | 36% | 38.1% | 39.5% | 36.6% |
| EBITDA margin % | |||||
| 6.9% |
| 5.1% |
| 5.7% |
| 7.4% |
| 7% |
| EBIT margin % | 4.4% | 2.9% | 3.8% | 5.7% | 5.5% |
| PAT margin % | 1.3% | -0.3% | 1% | 1.9% | 2.3% |
| Working capital | |||||
| Receivable days | 99 | 104 | 88 | 95 | 78 |
| Inventory days | 234 | 197 | 200 | 212 | 177 |
| Payable days | 70 | 62 | 48 | 44 | 41 |
| NWC days | 263 | 239 | 241 | 262 | 213 |
| Leverage | |||||
| Current ratio | 1.43 | 1.43 | 1.41 | 1.4 | 1.37 |
| Debt to EBITDA | 5.9 | 8.3 | 7.5 | 5.37 | 4.85 |
| Debt to equity | 0.18 | 0.21 | 0.22 | 0.21 | 0.21 |
| Interest coverage | 1.1 | 0.8 | 1.3 | 1.4 | 1.6 |
| Asset turnover | 0.3 | 0.33 | 0.34 | 0.36 | 0.42 |
| Return ratios | |||||
| Return on assets % | 0.4% | -0.1% | 0.3% | 0.7% | 1% |
| Return on capital employed % | 1.7% | 1.2% | 2% | 2.7% | 3% |
| Return on equity % | 0.6% | -0.2% | 0.5% | 1% | 1.5% |
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.