Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 41% | 42.8% | 37.6% | 38.2% | 34.1% |
| EBITDA margin % | 9.7% | 10.2% | 9.3% | 10.7% | 9.4% |
| EBIT margin % | 8.5% | 8.9% | 8.1% | 9.3% | 8.3% |
| PAT margin % | 4.8% | 4.4% | 4.1% | 4% | 4% |
| Working capital | |||||
| Receivable days | — | 131 | 112 | 144 | 105 |
| Inventory days | — | 258 | 189 | 314 | 253 |
| Payable days | — | 147 | 81 | 160 | 110 |
| NWC days | — | 242 | 220 | 298 | 248 |
| Leverage | |||||
| Current ratio | — | 1.43 | 1.66 | 1.43 | 1.44 |
| Debt to EBITDA | — | 2.45 | 3.1 | 3.16 | 2.65 |
| Debt to equity | — | 0.64 | 0.79 | 0.74 | 0.65 |
| Interest coverage | 3 | 2.9 | 2.9 | 2.3 | 2.6 |
| Asset turnover | — | 0.9 | 1.07 | 0.78 | 1 |
| Return ratios | |||||
| Return on assets % | — | 4% | 4.4% | 3.1% | 4% |
| Return on capital employed % | — | 20.2% | 20% | 18.7% | 21.3% |
| Return on equity % | — | 11.4% | 11.2% | 8.6% | 10.3% |
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.