Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 36.7% | 33.8% | 27.5% | 19.5% |
| EBITDA margin % | 9.1% | 15.7% | ||
| -0.9% |
| -19.2% |
| EBIT margin % | 5.7% | 4.6% | -27.2% | -39.7% |
| PAT margin % | 2.8% | -0.8% | -41% | -85.1% |
| Working capital | ||||
| Receivable days | 25 | — | 66 | 26 |
| Inventory days | 193 | — | 429 | 224 |
| Payable days | 157 | — | 454 | 411 |
| NWC days | 60 | — | 41 | -160 |
| Leverage | ||||
| Current ratio | 1.14 | — | 0.92 | 0.59 |
| Debt to EBITDA | 1.18 | — | — | — |
| Debt to equity | 0.35 | — | 2.38 | -0.92 |
| Interest coverage | 2.8 | 1.2 | -1.6 | -4.5 |
| Asset turnover | 1.25 | — | 0.37 | 0.67 |
| Return ratios | ||||
| Return on assets % | 3.5% | — | -15% | -57.1% |
| Return on capital employed % | 16.6% | — | -21.3% | -126.7% |
| Return on equity % | 9.1% | — | -133.1% | 135.5% |
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.