Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 14.2% | 11.2% | 14.2% | 13.4% | 12.2% |
| EBIT margin % | 12.3% | 9.4% | 12.5% | 11.1% | 10.1% |
| PAT margin % | 6.1% | 3.4% | 4.1% | 5.7% | 4.8% |
| Working capital | |||||
| Receivable days | — | — | 200 | 181 | 146 |
| Inventory days | — | — | 171 | 144 | 204 |
| Payable days | — | — | 108 | 92 | 119 |
| NWC days | — | — | 263 | 233 | 231 |
| Leverage | |||||
| Current ratio | — | — | 1.52 | 1.51 | 1.3 |
| Debt to EBITDA | — | — | 2.61 | 2.94 | 3.8 |
| Debt to equity | — | — | 0.75 | 0.82 | 1.04 |
| Interest coverage | 2.5 | 1.8 | 2.9 | 2.9 | 2.5 |
| Asset turnover | — | — | 0.68 | 0.76 | 0.73 |
| Return ratios | |||||
| Return on assets % | — | — | 2.8% | 4.3% | 3.5% |
| Return on capital employed % | — | — | 21.5% | 21.2% | 23% |
| Return on equity % | — | — | 8.2% | 11.8% | 10.6% |
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.