Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 85% | 87.1% | 89.3% | 92.1% |
| EBITDA margin % | 24.8% | 23.2% | ||
| 23.7% |
| 13.4% |
| EBIT margin % | 10.1% | 9% | 9.9% | -1.1% |
| PAT margin % | 3.1% | -4.7% | 2.2% | -5.5% |
| Working capital | ||||
| Receivable days | 168 | 188 | 197 | 181 |
| Inventory days | 100 | 104 | 152 | 276 |
| Payable days | 592 | 817 | 752 | 1,035 |
| NWC days | -325 | -525 | -403 | -578 |
| Leverage | ||||
| Current ratio | 1.4 | 1.05 | 1.27 | 1.1 |
| Debt to EBITDA | 2.82 | 1.73 | 3.11 | 5.67 |
| Debt to equity | 2.21 | 1.48 | 2.3 | 2.42 |
| Interest coverage | 1.6 | 0.7 | 1.4 | 0.2 |
| Asset turnover | 0.6 | 0.75 | 0.73 | 0.7 |
| Return ratios | ||||
| Return on assets % | 1.9% | -3.5% | 1.6% | -3.8% |
| Return on capital employed % | 12.5% | 12.5% | 15.7% | 1.8% |
| Return on equity % | 9.8% | -17.1% | 6.9% | -17.3% |
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.