Management Discussion and Analysis Key performance ratios UoM Standalone Consolidated 2024-25 2023-24 Inc | (Dec) 2024-25 2023-24 Inc | (Dec) Debtors turnover times 5.33 4.94 8% 5.37 5.27 2% Inventory turnover times 8.21 7.10 16% 7.79 6.35 23% Interest coverage % 140.38 348.00 (60%) 42.62 62.71 (32%) Current ratio times 2.24 2.15 4% 2.45 2.14 15% Debt equity ratio times - - - 0.03 0.04 (21%) Operating profit margin % 16.84 16.18 4% 18.55 14.89 25% Net profit margin % 9.12 8.94 2% 9.05 6.94 30% Return on net worth % 8.59 7.96 8% 9.22 6.56 41% Return on net worth improved in the financial year 2024-25 on account of improved profitability arising from increase in sales volume and contribution margin. There were no significant changes (25% or more as compared to the financial year 2023-24) in the key financial ratios, except for the interest coverage ratio, which is not considered material, as the Company is effectively operating with zero debt. Atul Ltd identified two reporting segments, namely, Life Science Chemicals and Performance and Other Chemicals. Life Science Chemicals segment 2024-25 2023-24 change Sales (` cr) 1,692 1,427 265 Share in total sales (%) 30% 30% - Life Science Chemicals segment consists of four sub-segments, namely, Crop Protection - Bulk Actives, Crop Protection - Retail, Pharmaceuticals and Intermediates and Aromatics - I. Crop Protection – Bulk Actives Product groups: herbicides, insecticides, fungicides, others The products falling under these product groups are used by customers belonging to the Agriculture and Crop Protection Chemicals industries. The product groups comprise 34 products and 43 formulations. 2,4-D, Indoxacarb and Sulfonylurea herbicides are some of the key products. During 2024-25, sales increased by 28% from ` 491 cr to ` 627 cr. Sales in India increased by 47% from ` 160 cr to ` 235 cr. Sales outside India increased by 18% from ` 331 cr to ` 392 cr. Increase on account of volume was 23% and 5% on account of pricing. The Company completed one project and started its commercialisation. Additionally, it defended an anti-dumping case against one of its products and is now awaiting the decision on the rates. The world market for Agrochemicals used in both crop and non-crop segments at the manufacturer level 66 66 Integrated Annual Report 2024-25
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