Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 86.1% | 77.7% | 87% | 91.5% | 87.6% |
| EBITDA margin % | 34.1% | 30.8% | 41.2% | 46.4% | 44% |
| EBIT margin % | 23.3% | 16.3% | 23.4% | 26% | 24.6% |
| PAT margin % | 11% | 4.3% | 5.1% | 5.6% | 15.6% |
| Working capital | |||||
| Receivable days | 51 | 85 | 87 | 95 | 88 |
| Inventory days | 672 | 313 | 430 | 831 | 491 |
| Payable days | 70 | 74 | 51 | 100 | 62 |
| NWC days | 653 | 324 | 466 | 826 | 517 |
| Leverage | |||||
| Current ratio | 1.24 | 1.12 | 1.27 | 1.25 | 1.51 |
| Debt to EBITDA | 1.75 | 4.27 | 2.9 | 3.46 | 2.63 |
| Debt to equity | 0.73 | 1.43 | 1.2 | 1.34 | 0.69 |
| Interest coverage | 3.4 | 2.1 | 1.6 | 1.5 | 2.2 |
| Asset turnover | 0.65 | 0.42 | 0.42 | 0.33 | 0.33 |
| Return ratios | |||||
| Return on assets % | 7.1% | 1.8% | 2.2% | 1.8% | 5.1% |
| Return on capital employed % | 21.1% | 10.8% | 12.4% | 12% | 15.2% |
| Return on equity % | 13.4% | 4.7% | 5.1% | 4.7% | 9.3% |
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.