Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 9.4% | -10.5% | 9.3% | 12.2% | 13.4% | 8% | 10.4% |
| EBITDA margin % | 4.1% | — | 2% | 4% | 6.1% | 2.8% | 3.4% |
| EBIT margin % | 3.5% | — | 1.3% | 3.7% | 5.2% | 2.3% | 2.9% |
| PAT margin % | 2.5% | 0% | 1.8% | 2.7% | 4.9% | 2.5% | 2.5% |
| Working capital | |||||||
| Receivable days | 41 | 1,89,224 | 78 | 51 | 54 | 74 | 78 |
| Inventory days | 4 | 4,954 | 11 | 4 | 19 | 10 | 6 |
| Payable days | — | — | 5 | 2 | 2 | 2 | — |
| NWC days | — | — | 84 | 54 | 71 | 82 | — |
| Leverage | |||||||
| Current ratio | 2.6 | 2.34 | 2.37 | 2.31 | 7.09 | 6.14 | 6.23 |
| Debt to EBITDA | 1.33 | — | 5.46 | 1.72 | 0.44 | 0.76 | 0.34 |
| Debt to equity | 0.27 | 0.28 | 0.36 | 0.38 | 0.05 | 0.05 | 0.03 |
| Interest coverage | 4.4 | 0.8 | 5.5 | 8 | 17.4 | 11 | 6.2 |
| Asset turnover | 3.67 | 0 | 2.36 | 3.6 | 1.57 | 2.21 | 2.25 |
| Return ratios | |||||||
| Return on assets % | 9.2% | 0% | 4.1% | 9.6% | 7.7% | 5.5% | 5.7% |
| Return on capital employed % | 19% | 0.1% | 10% | 27% | 12.5% | 10.2% | 10.6% |
| Return on equity % | 12.7% | 0% | 6% | 14.7% | 8.9% | 6.4% | 6.5% |
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.