Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37.2% | 33.2% | 36.2% | 36.2% |
| EBITDA margin % | 9.6% | 11.5% | ||
| 14.1% |
| 14.8% |
| EBIT margin % | 5.9% | 9% | 12% | 13.2% |
| PAT margin % | 4.4% | 6.7% | 10.4% | 10.5% |
| Working capital | ||||
| Receivable days | 137 | 90 | 105 | 106 |
| Inventory days | 250 | 210 | 183 | 167 |
| Payable days | 104 | 79 | 93 | 88 |
| NWC days | 284 | 221 | 194 | 185 |
| Leverage | ||||
| Current ratio | 3.68 | 2.19 | 2.16 | 3.05 |
| Debt to EBITDA | 1.14 | 1.35 | 3.95 | 3.43 |
| Debt to equity | 0.15 | 0.25 | 0.97 | 0.54 |
| Interest coverage | 4.2 | 8.5 | 8.6 | 8.6 |
| Asset turnover | 0.89 | 1.01 | 0.74 | 0.6 |
| Return ratios | ||||
| Return on assets % | 3.9% | 6.8% | 7.7% | 6.3% |
| Return on capital employed % | 9.2% | 20.1% | 21.5% | 15.1% |
| Return on equity % | 6% | 10.8% | 18.1% | 11.2% |
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.