Consolidated figures
| Ratio | Mar 2022 | Mar 2023 |
|---|---|---|
| Margins | ||
| Gross margin % | 32.4% | 32.8% |
| EBITDA margin % | 13.5% | 11.9% |
| EBIT margin % | 12.1% | 10.5% |
| PAT margin % | 9.5% | 8.5% |
| Working capital | ||
| Receivable days | 48 | 45 |
| Inventory days | 78 | 65 |
| Payable days | 61 | 44 |
| NWC days | 65 | 66 |
| Leverage | ||
| Current ratio | 2.54 | 3.05 |
| Debt to EBITDA | 0.16 | 0.31 |
| Debt to equity | 0.05 | 0.08 |
| Interest coverage | 53.5 | 29.1 |
| Asset turnover | 1.6 | 1.52 |
| Return ratios | ||
| Return on assets % | 15.1% | 13% |
| Return on capital employed % | 29.6% | 26.7% |
| Return on equity % | 22.5% | 18.1% |
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.