Standalone figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 98.2% | — | 29.8% | 33.5% | 32.8% | ||
| 26.5% |
| -6.1% |
| EBITDA margin % | 10.8% | 25.2% | 25.4% | 29% | 27.9% | 14.2% | -18.4% |
| EBIT margin % | 5.2% | 8.5% | 8.7% | 12.1% | 6.6% | -54.5% | -53.1% |
| PAT margin % | 0.5% | 1.2% | -0.3% | 0.5% | -7.1% | -118.4% | -153.6% |
| Working capital | |||||||
| Receivable days | 14 | 35 | 43 | 43 | 137 | 849 | 350 |
| Inventory days | 6,910 | 113 | 135 | 150 | 162 | 607 | 85 |
| Payable days | 4,126 | 62 | — | — | — | 411 | 156 |
| NWC days | 2,798 | 86 | — | — | — | 1,044 | 279 |
| Leverage | |||||||
| Current ratio | 1.32 | 2.37 | 2.25 | 1.83 | 0.7 | 1.04 | 0.36 |
| Debt to EBITDA | 3.7 | 5.2 | 5.32 | 4.74 | 5.05 | 38.38 | — |
| Debt to equity | 0.78 | 1.3 | 1.45 | 1.58 | 1.57 | 1.88 | 27.55 |
| Interest coverage | 1.1 | 1.1 | 1 | 1 | 0.5 | -0.5 | -1.1 |
| Asset turnover | 0.81 | 0.37 | 0.38 | 0.38 | 0.29 | 0.09 | 0.19 |
| Return ratios | |||||||
| Return on assets % | 0.4% | 0.4% | -0.1% | 0.2% | -2.1% | -10.3% | -29.1% |
| Return on capital employed % | 6.8% | 6.3% | 5.7% | 5.7% | 3.3% | -4.8% | -23.9% |
| Return on equity % | 1% | 1.1% | -0.3% | 0.6% | -7.9% | -40.8% | -928.1% |
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.