Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 37.7% | 40.6% | 34.6% | 38.2% | 45.9% |
| EBITDA margin % | 20% | 23.8% | 18.7% | 21.1% | 24.9% |
| EBIT margin % | 18.2% | 23.4% | 18.4% | 20.5% | 24.2% |
| PAT margin % | 13.9% | 18.2% | 16.1% | 16.7% | 19.2% |
| Working capital | |||||
| Receivable days | 66 | 68 | 87 | 57 | 71 |
| Inventory days | 71 | 109 | 51 | 38 | 149 |
| Payable days | 8 | 22 | 14 | 1 | 7 |
| NWC days | 130 | 155 | 124 | 94 | 213 |
| Leverage | |||||
| Current ratio | 7.13 | 7.17 | 6.32 | 36.63 | 30.24 |
| Debt to EBITDA | 0.23 | 0.22 | 0.12 | 0.04 | 0.03 |
| Debt to equity | 0.07 | 0.07 | 0.03 | 0.01 | 0.01 |
| Interest coverage | 24 | 53.5 | 106.7 | 83.6 | 247.1 |
| Asset turnover | 1.29 | 1.23 | 1.3 | 1.07 | 0.89 |
| Return ratios | |||||
| Return on assets % | 18% | 22.4% | 20.8% | 17.8% | 17.2% |
| Return on capital employed % | 28.8% | 39.6% | 36.8% | 27.2% | 26.7% |
| Return on equity % | 20.5% | 25.4% | 24.1% | 18.3% | 17.7% |
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.