Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 14.5% | 13.3% | 23.5% |
| EBITDA margin % | 5.4% | 5% | 12.5% |
| EBIT margin % | 3.9% | 3.3% | 10.2% |
| PAT margin % | 1.7% | 1.9% | 7.5% |
| Working capital | |||
| Receivable days | 6 | 5 | 1 |
| Inventory days | 118 | 80 | 77 |
| Payable days | 102 | 46 | 11 |
| NWC days | 22 | 39 | 67 |
| Leverage | |||
| Current ratio | 1.02 | 1.05 | 1.08 |
| Debt to EBITDA | 3.93 | 4.08 | 2.44 |
| Debt to equity | 0.96 | 0.93 | 0.98 |
| Interest coverage | 2.7 | 2.4 | 4 |
| Asset turnover | 1.24 | 1.33 | 1.31 |
| Return ratios | |||
| Return on assets % | 2.1% | 2.5% | 9.9% |
| Return on capital employed % | 12.5% | 12.5% | 36% |
| Return on equity % | 7.5% | 8.7% | 24.3% |
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.