Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 6.5% | 6% | 7.8% | 7.1% | 8.5% |
| EBITDA margin % | 3.7% | 4.5% | 5.8% | 4.7% | 6.6% |
| EBIT margin % | 3.5% | 4.1% | 5.4% | 4.5% | 6.2% |
| PAT margin % | 2.8% | 4.8% | 8.1% | 6.9% | 3.9% |
| Working capital | |||||
| Receivable days | 5 | 21 | 8 | 0 | 0 |
| Inventory days | 12 | 24 | 14 | 34 | 6 |
| Payable days | 1 | 25 | 2 | 0 | 0 |
| NWC days | 16 | 20 | 21 | 33 | 5 |
| Leverage | |||||
| Current ratio | 18.76 | 6.79 | 13.91 | 5.38 | 34.46 |
| Debt to EBITDA | 0.57 | 0.4 | 0.64 | 2.71 | 0.23 |
| Debt to equity | 0.02 | 0.01 | 0.02 | 0.08 | 0.01 |
| Interest coverage | 16.5 | 31 | 31 | 27.1 | 51.7 |
| Asset turnover | 0.73 | 0.65 | 0.62 | 0.55 | 0.59 |
| Return ratios | |||||
| Return on assets % | 2.1% | 3.1% | 5.1% | 3.8% | 2.3% |
| Return on capital employed % | 3.1% | 4.7% | 6.9% | 5.7% | 7.3% |
| Return on equity % | 2.2% | 3.4% | 5.4% | 4.2% | 2.4% |
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.