Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 13.3% | 36.4% | 4% |
| EBITDA margin % | 4.1% | -1% | -1.7% |
| EBIT margin % | 3.3% | -8.4% | -2.6% |
| PAT margin % | 1.5% | 12.5% | 0.6% |
| Working capital | |||
| Receivable days | 66 | 76 | 20 |
| Inventory days | 62 | 111 | 11 |
| Payable days | 87 | 40 | 1 |
| NWC days | 41 | 146 | 30 |
| Leverage | |||
| Current ratio | 1.41 | 1.63 | 4.07 |
| Debt to EBITDA | 1.72 | — | — |
| Debt to equity | 0.3 | 0.56 | 1.31 |
| Interest coverage | 1.9 | 8.7 | 1.4 |
| Asset turnover | 1.84 | 0.55 | 2.82 |
| Return ratios | |||
| Return on assets % | 2.8% | 6.9% | 1.6% |
| Return on capital employed % | 16.1% | 1.2% | 11% |
| Return on equity % | 6.5% | 15% | 4.3% |
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.