Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 54.7% | 53% | 55.4% |
| EBITDA margin % | 2.5% | 7.5% | 2.1% |
| EBIT margin % | -2.4% | 3.6% | -1.9% |
| PAT margin % | -2.3% | 2.6% | -1.5% |
| Working capital | |||
| Receivable days | 131 | 111 | 113 |
| Inventory days | 255 | 229 | 300 |
| Payable days | — | — | — |
| NWC days | — | — | — |
| Leverage | |||
| Current ratio | 1.92 | 1.67 | 1.63 |
| Debt to EBITDA | 8.13 | 1.68 | 8.97 |
| Debt to equity | 0.23 | 0.17 | 0.25 |
| Interest coverage | 0.1 | 2.3 | -0.1 |
| Asset turnover | 0.68 | 0.83 | 0.78 |
| Return ratios | |||
| Return on assets % | -1.6% | 2.2% | -1.2% |
| Return on capital employed % | 0.3% | 6.8% | -0.4% |
| Return on equity % | -2.7% | 3.6% | -2% |
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.