Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 95.7% | 92.4% | 54.1% | 76.8% | 71.3% |
| EBITDA margin % | -0.6% | -15.2% | -8.8% | 8.7% | -10.9% |
| EBIT margin % | -7.3% | -27.1% | -17.8% | -3.1% | -22.2% |
| PAT margin % | -7.7% | -28.6% | -23.1% | 1.9% | -28.2% |
| Working capital | |||||
| Receivable days | 102 | 187 | 0 | 157 | 12 |
| Inventory days | 7,338 | 6,846 | 920 | 2,204 | 1,607 |
| Payable days | — | — | 286 | 544 | 339 |
| NWC days | — | — | 634 | 1,817 | 1,279 |
| Leverage | |||||
| Current ratio | 1.61 | 1.8 | 1.13 | 1.4 | 1.44 |
| Debt to EBITDA | — | — | — | 11.42 | — |
| Debt to equity | 0.2 | 0.22 | 0.3 | 0.38 | 0.51 |
| Interest coverage | -1.5 | -4.2 | -2.3 | 1.3 | -1.4 |
| Asset turnover | 0.4 | 0.24 | 0.27 | 0.23 | 0.31 |
| Return ratios | |||||
| Return on assets % | -3.1% | -6.7% | -6.3% | 0.4% | -8.6% |
| Return on capital employed % | -4.6% | -8.7% | -6.3% | 4.2% | -7.5% |
| Return on equity % | -4.9% | -9.8% | -9.9% | 0.7% | -15.7% |
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.