Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 38% | 40% | 34.7% |
| EBITDA margin % | 2.1% | 5.7% | 5.2% |
| EBIT margin % | -2.6% | 3.4% | 3.2% |
| PAT margin % | -4.1% | 0.1% | 0.5% |
| Working capital | |||
| Receivable days | 128 | 85 | 65 |
| Inventory days | 212 | 163 | 114 |
| Payable days | 125 | 111 | 64 |
| NWC days | 215 | 136 | 115 |
| Leverage | |||
| Current ratio | 1.1 | 1.22 | 1.27 |
| Debt to EBITDA | 16.19 | 4.41 | 4.19 |
| Debt to equity | 1.42 | 1.89 | 1.7 |
| Interest coverage | 0 | 1.1 | 1.3 |
| Asset turnover | 0.95 | 1.46 | 1.81 |
| Return ratios | |||
| Return on assets % | -3.9% | 0.2% | 1% |
| Return on capital employed % | 0.2% | 15.6% | 18.4% |
| Return on equity % | -17.4% | 1% | 4.1% |
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.