Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | 31.5% | 32.8% | 31.2% | 30.3% | 29.2% |
| EBITDA margin % | 10.5% | 13.6% | 11.3% | 9.1% | 7.7% | 8% | 9.1% |
| EBIT margin % | 4.8% | 7.5% | 6.2% | 2.9% | 1.5% | 3.6% | 5.6% |
| PAT margin % | 2.9% | 4.4% | 3.9% | 2.3% | 1% | 2.6% | 4.3% |
| Working capital | |||||||
| Receivable days | — | — | — | — | 70 | 56 | 50 |
| Inventory days | — | — | — | — | 52 | 48 | 47 |
| Payable days | — | — | — | — | 81 | 65 | 56 |
| NWC days | — | — | — | — | 40 | 38 | 42 |
| Leverage | |||||||
| Current ratio | — | — | — | — | 1.73 | 1.68 | 1.84 |
| Debt to EBITDA | — | — | — | — | 0.34 | 0.53 | 0.31 |
| Debt to equity | — | — | — | — | 0.06 | 0.11 | 0.08 |
| Interest coverage | 2.9 | 5.8 | 7.9 | 5.3 | 5.3 | 17.9 | 25.8 |
| Asset turnover | — | — | — | — | 1.43 | 1.59 | 1.9 |
| Return ratios | |||||||
| Return on assets % | — | — | — | — | 1.5% | 4.1% | 8.1% |
| Return on capital employed % | — | — | — | — | 3.8% | 9.8% | 16.4% |
| Return on equity % | — | — | — | — | 2.3% | 6.5% | 12.4% |
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.