Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 46.9% | 45.5% | 52.3% | 57.5% | 53.8% |
| EBITDA margin % | 11.2% | 12.6% | 20% | 23% | 19.4% |
| EBIT margin % | 7.3% | 9.8% | 17.5% | 20.2% | 16.7% |
| PAT margin % | 4.5% | 6.9% | 13.1% | 15.8% | 15.8% |
| Working capital | |||||
| Receivable days | 58 | 64 | 57 | 58 | 65 |
| Inventory days | 161 | 136 | 126 | 156 | 136 |
| Payable days | 43 | 28 | 39 | 44 | 39 |
| NWC days | 176 | 172 | 144 | 170 | 162 |
| Leverage | |||||
| Current ratio | 1.6 | 1.64 | 2.68 | 4.27 | 4.58 |
| Debt to EBITDA | 1.8 | 1.35 | 0.35 | 0.11 | 0.3 |
| Debt to equity | 0.46 | 0.43 | 0.15 | 0.04 | 0.07 |
| Interest coverage | 6 | 11.3 | 28.9 | 49.5 | 101.7 |
| Asset turnover | 1.29 | 1.46 | 1.54 | 1.26 | 1.03 |
| Return ratios | |||||
| Return on assets % | 5.8% | 10.1% | 20.1% | 19.9% | 16.3% |
| Return on capital employed % | 14.9% | 25.4% | 39.4% | 36.9% | 25.2% |
| Return on equity % | 10.4% | 17.3% | 27.6% | 24.5% | 19.9% |
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.