Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 54.8% | 55.1% | 55.9% |
| EBITDA margin % | 13.2% | 17% | 21.1% |
| EBIT margin % | 8.5% | 12.2% | 17.6% |
| PAT margin % | 13% | 14.9% | 17.3% |
| Working capital | |||
| Receivable days | 56 | 63 | 51 |
| Inventory days | 148 | 111 | 124 |
| Payable days | 107 | 104 | 88 |
| NWC days | 97 | 70 | 86 |
| Leverage | |||
| Current ratio | 3.11 | 3.14 | 3.53 |
| Debt to EBITDA | — | 0 | 0 |
| Debt to equity | — | 0 | 0 |
| Interest coverage | 29.1 | 104.1 | 158.9 |
| Asset turnover | 0.45 | 0.49 | 0.64 |
| Return ratios | |||
| Return on assets % | 5.8% | 7.3% | 11% |
| Return on capital employed % | 7.9% | 10.7% | 15.3% |
| Return on equity % | 6.4% | 8.4% | 12.5% |
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.