Consolidated figures
| Ratio | Mar 2021 | Mar 2022 |
|---|---|---|
| Margins | ||
| Gross margin % | 36.5% | 37.7% |
| EBITDA margin % | 15.4% | 17.2% |
| EBIT margin % | 12.8% | 15.5% |
| PAT margin % | 9.3% | 12.2% |
| Working capital | ||
| Receivable days | 66 | 45 |
| Inventory days | 164 | 126 |
| Payable days | 23 | 16 |
| NWC days | 207 | 156 |
| Leverage | ||
| Current ratio | 2.95 | 3.28 |
| Debt to EBITDA | 1.15 | 1.24 |
| Debt to equity | 0.28 | 0.39 |
| Interest coverage | 11.6 | 18 |
| Asset turnover | 1.12 | 1.23 |
| Return ratios | ||
| Return on assets % | 10.4% | 15% |
| Return on capital employed % | 19.5% | 29.6% |
| Return on equity % | 14.7% | 22.3% |
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.