Consolidated figures
| Ratio | Mar 2021 | Mar 2022 |
|---|---|---|
| Margins | ||
| Gross margin % | 33.8% | 36.6% |
| EBITDA margin % | 4% | -2.7% |
| EBIT margin % | 1.7% | -5% |
| PAT margin % | 1% | -5.9% |
| Working capital | ||
| Receivable days | 33 | 23 |
| Inventory days | 136 | 168 |
| Payable days | 48 | 65 |
| NWC days | 120 | 126 |
| Leverage | ||
| Current ratio | 2.14 | 1.44 |
| Debt to EBITDA | 2.14 | — |
| Debt to equity | 0.18 | 0.42 |
| Interest coverage | 2.9 | -5.6 |
| Asset turnover | 1.43 | 1.38 |
| Return ratios | ||
| Return on assets % | 1.4% | -8.1% |
| Return on capital employed % | 4.5% | -11.5% |
| Return on equity % | 2.1% | -15.1% |
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.