Standalone figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | 37.2% | 35.7% | 33.7% | 28% | 19.2% |
| EBITDA margin % | 7.9% | 8.8% | 8.7% | 8.6% | 15.7% | -0% | -12% |
| EBIT margin % | 2.9% | 4% | 5.1% | 4.9% | 4.3% | -26.9% | -33.4% |
| PAT margin % | 0.9% | 1.2% | 2.6% | 2.7% | -1.2% | -40.3% | -86.3% |
| Working capital | |||||||
| Receivable days | 27 | 24 | 18 | — | — | 36 | 24 |
| Inventory days | 160 | 135 | 195 | — | — | 441 | 223 |
| Payable days | 113 | 96 | 156 | — | — | 467 | 408 |
| NWC days | 74 | 63 | 57 | — | — | 9 | -162 |
| Leverage | |||||||
| Current ratio | 1.43 | 1.4 | 1.12 | — | — | 0.9 | 0.6 |
| Debt to EBITDA | 3.61 | 2.69 | 1.32 | — | — | — | — |
| Debt to equity | 0.56 | 0.8 | 0.37 | — | — | 2.21 | -0.99 |
| Interest coverage | 0.8 | 1.4 | 2.6 | 2.9 | 1.1 | -1.6 | -3.8 |
| Asset turnover | 0.81 | 1.12 | 1.27 | — | — | 0.36 | 0.66 |
| Return ratios | |||||||
| Return on assets % | 0.7% | 1.3% | 3.3% | — | — | -14.4% | -56.7% |
| Return on capital employed % | 4.5% | 7.5% | 14.8% | — | — | -19.7% | -98.5% |
| Return on equity % | 1.8% | 4% | 8.6% | — | — | -118.1% | 140.4% |
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.