Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 33% | 47.7% | 72.1% |
| EBITDA margin % | -60.2% | -7.1% | 16.1% |
| EBIT margin % |
| -84.6% |
| -16.5% |
| 9.8% |
| PAT margin % | -66.7% | -13.5% | 9.1% |
| Working capital | |||
| Receivable days | 69 | 10 | 11 |
| Inventory days | 815 | 187 | 14 |
| Payable days | 98 | 51 | 56 |
| NWC days | 786 | 146 | -31 |
| Leverage | |||
| Current ratio | 1.77 | 0.73 | 1.25 |
| Debt to EBITDA | — | — | 0.38 |
| Debt to equity | 0.08 | 0.1 | 0.02 |
| Interest coverage | -14.8 | -9.3 | 80.7 |
| Asset turnover | 0.1 | 0.22 | 0.31 |
| Return ratios | |||
| Return on assets % | -6.8% | -3% | 2.8% |
| Return on capital employed % | -9.1% | -3.1% | 4.2% |
| Return on equity % | -8.5% | -3.7% | 3.3% |
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.