Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 1.7% | 1.7% | 1.7% | 2.1% | 2.1% | 2.3% |
| EBIT margin % | 1.6% | 1.6% | 1.6% | 2% | 2% | 2.2% |
| PAT margin % | 0.5% | 0.5% | 0.5% | 0.7% | 0.6% | 0.6% |
| Working capital | ||||||
| Receivable days | 25 | 52 | 52 | 48 | 54 | 45 |
| Inventory days | 23 | 27 | 25 | 30 | 32 | 39 |
| Payable days | 24 | 46 | 42 | 35 | 24 | 30 |
| NWC days | 24 | 32 | 35 | 43 | 62 | 54 |
| Leverage | ||||||
| Current ratio | 1.12 | 1.12 | 1.15 | 1.2 | 1.3 | 1.28 |
| Debt to EBITDA | 4.21 | 5.95 | 6.27 | 5.35 | 7.5 | 5.19 |
| Debt to equity | 2.66 | 2.91 | 2.73 | 2.34 | 2.6 | 2.05 |
| Interest coverage | 1.6 | 1.6 | 1.6 | 1.7 | 1.4 | 1.5 |
| Asset turnover | 5.72 | 3.63 | 3.64 | 3.71 | 3.29 | 3.56 |
| Return ratios | ||||||
| Return on assets % | 2.9% | 1.8% | 1.8% | 2.7% | 1.8% | 2.3% |
| Return on capital employed % | 70% | 58.3% | 48.3% | 46.1% | 34.4% | 37% |
| Return on equity % | 18.4% | 14.3% | 12.8% | 15.1% | 9.3% | 10.8% |
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.