Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 31.9% | 30.1% | 30.1% | 33.6% | 39.3% | ||
| 32.8% |
| 30.9% |
| EBITDA margin % | 13% | 13.7% | 18.1% | 20.1% | 17% | 18.8% | 19.5% |
| EBIT margin % | 11.3% | 12.4% | 17% | 19.2% | 15.7% | 17.9% | 18.8% |
| PAT margin % | 9.2% | 11.2% | 14.9% | 16.8% | 14.7% | 18.3% | 17.2% |
| Working capital | |||||||
| Receivable days | 81 | 9 | 25 | 25 | 76 | 37 | 80 |
| Inventory days | 35 | 55 | 21 | 38 | 98 | 26 | 28 |
| Payable days | 70 | 22 | 41 | 37 | 87 | 44 | 70 |
| NWC days | 46 | 43 | 4 | 26 | 87 | 20 | 39 |
| Leverage | |||||||
| Current ratio | 1.24 | 0.91 | 3.01 | 3.26 | 3.2 | 2.94 | 2.81 |
| Debt to EBITDA | 0.1 | 0.06 | 0.01 | 0.01 | 0 | 0 | 0 |
| Debt to equity | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 30.5 | 92.5 | 44.7 | 319 | 44.4 | 122 | 130 |
| Asset turnover | 0.71 | 0.9 | 0.99 | 1 | 0.58 | 0.87 | 0.97 |
| Return ratios | |||||||
| Return on assets % | 6.6% | 10% | 14.7% | 16.8% | 8.5% | 15.9% | 16.6% |
| Return on capital employed % | 12.3% | 17.7% | 26.5% | 30% | 14.6% | 25% | 28.8% |
| Return on equity % | 9% | 13.3% | 18.4% | 21.2% | 10.3% | 18.8% | 20.4% |
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.