Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | 36.7% | 19.9% | — |
| EBITDA margin % | 20.7% | 19.7% | 4.8% | 17.2% | 20.4% | 12.2% | — |
| EBIT margin % | 18.3% | 18.4% | 3% | 11.7% | 18.5% | 10.3% | — |
| PAT margin % | -1.9% | 1.5% | -19.4% | 0.7% | 9.2% | 6.1% | -8.6% |
| Working capital | |||||||
| Receivable days | 140 | 34 | 42 | 59 | 9 | 2 | — |
| Inventory days | 2,123 | 1,547 | 2,183 | 1,692 | 1,839 | 795 | — |
| Payable days | 69 | 52 | 64 | 42 | 11 | 20 | — |
| NWC days | 2,195 | 1,528 | 2,161 | 1,709 | 1,837 | 777 | — |
| Leverage | |||||||
| Current ratio | 1.8 | 1.69 | 1.54 | 1.45 | 1.41 | 1.15 | — |
| Debt to EBITDA | 6.94 | 4.41 | 30.45 | 4.39 | 3.58 | 1.13 | — |
| Debt to equity | 0.73 | 0.62 | 0.7 | 0.52 | 0.54 | 0.23 | — |
| Interest coverage | 1 | 1.5 | 0.4 | 1.1 | 1.9 | 4.2 | 0.6 |
| Asset turnover | 0.16 | 0.22 | 0.13 | 0.18 | 0.2 | 0.4 | — |
| Return ratios | |||||||
| Return on assets % | -0.3% | 0.3% | -2.6% | 0.1% | 1.9% | 2.4% | — |
| Return on capital employed % | 7.5% | 10.6% | 3.2% | 8.3% | 12.4% | 17.3% | — |
| Return on equity % | -1% | 1% | -9.3% | 0.5% | 6.8% | 10.2% | — |
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.