Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 31.2% | 37% | 40.4% | 28.2% |
| EBITDA margin % | -24.6% | -52.8% | -27.8% | -18.9% |
| EBIT margin % | -26.6% | -58.5% | -30.7% | -20.6% |
| PAT margin % | -29.2% | -96.7% | -30.3% | -13.9% |
| Working capital | ||||
| Receivable days | 54 | 42 | 9 | 11 |
| Inventory days | 272 | 1,033 | 675 | 384 |
| Payable days | 106 | 174 | 100 | 144 |
| NWC days | 221 | 901 | 585 | 251 |
| Leverage | ||||
| Current ratio | 1.9 | 1.98 | 1.81 | 1.43 |
| Debt to EBITDA | — | — | — | — |
| Debt to equity | 0.06 | 0.15 | 0.16 | 0.11 |
| Interest coverage | -18.3 | -5.7 | -5.1 | -5.4 |
| Asset turnover | 0.53 | 0.16 | 0.27 | 0.46 |
| Return ratios | ||||
| Return on assets % | -15.6% | -15.7% | -8.2% | -6.4% |
| Return on capital employed % | -17.2% | -8.9% | -8.6% | -11.5% |
| Return on equity % | -23.2% | -23.3% | -12.7% | -11.1% |
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.