Consolidated figures
| Ratio | Mar 2018 | Mar 2021 | Mar 2022 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 68.3% | 79.7% | 78.9% |
| EBITDA margin % | 14.8% | 16.1% | -6% |
| EBIT margin % | 9.8% | 8.5% | -24.3% |
| PAT margin % | 6.1% | 5.2% | -23.5% |
| Working capital | |||
| Receivable days | 132 | 188 | 119 |
| Inventory days | 94 | 352 | 148 |
| Payable days | — | 85 | 48 |
| NWC days | — | 456 | 219 |
| Leverage | |||
| Current ratio | 1.5 | 0.88 | 2.34 |
| Debt to EBITDA | 3.69 | 8.28 | — |
| Debt to equity | 0.78 | 0.87 | 0.37 |
| Interest coverage | 3.5 | 3.3 | -4.4 |
| Asset turnover | 0.67 | 0.31 | 0.52 |
| Return ratios | |||
| Return on assets % | 4.1% | 1.6% | -12.3% |
| Return on capital employed % | 11% | 5.4% | -11.8% |
| Return on equity % | 8.8% | 3.4% | -19.1% |
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.