Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 30.3% | 33.9% | 29.9% | 28.6% | 28% | 25.8% | 27.9% |
| EBITDA margin % | 4.7% | 8.4% | 7.1% | 6.7% | 5.4% | 4.2% | 3.8% |
| EBIT margin % | 1.9% | 5.4% | 3.9% | 2.3% | 0.7% | 0.3% | 0% |
| PAT margin % | 2.3% | 4.3% | 3.8% | 3.4% | 1.2% | 0.2% | 1.2% |
| Working capital | |||||||
| Receivable days | 7 | 5 | 10 | — | 8 | 4 | 3 |
| Inventory days | 40 | 42 | 53 | — | 57 | 51 | 41 |
| Payable days | 31 | 38 | 38 | — | 38 | 32 | 32 |
| NWC days | 16 | 9 | 25 | — | 27 | 24 | 13 |
| Leverage | |||||||
| Current ratio | 1.11 | 0.94 | 2.07 | — | 1.77 | 1.36 | 1.52 |
| Debt to EBITDA | 1.12 | 0.46 | 0.21 | — | 0.16 | 0.52 | 0.05 |
| Debt to equity | 0.23 | 0.16 | 0.03 | — | 0.02 | 0.05 | 0 |
| Interest coverage | 4 | 22.3 | 65.7 | 5.5 | 2.8 | 2.7 | 1.2 |
| Asset turnover | 2.72 | 2.65 | 1.42 | — | 1.32 | 1.54 | 1.81 |
| Return ratios | |||||||
| Return on assets % | 6.2% | 11.3% | 5.4% | — | 1.6% | 0.3% | 2.2% |
| Return on capital employed % | 7.9% | 26% | 11.7% | — | 2.3% | 2.5% | 1.1% |
| Return on equity % | 10% | 18.1% | 8% | — | 2.3% | 0.5% | 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.