Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 45% | 42.4% | 41.2% | 43.1% | 40.4% |
| EBITDA margin % | 14.9% | 17.2% | 17.5% | 19.7% | 19.1% |
| EBIT margin % | 11.8% | 13.5% | 13.1% | 15.2% | 14.9% |
| PAT margin % | 7.1% | 7.8% | 8.5% | 10% | 10.1% |
| Working capital | |||||
| Receivable days | 59 | 86 | — | 69 | 83 |
| Inventory days | 47 | 93 | — | 95 | 93 |
| Payable days | 28 | — | — | 43 | 27 |
| NWC days | 78 | — | — | 120 | 148 |
| Leverage | |||||
| Current ratio | — | — | — | 1.15 | 3.72 |
| Debt to EBITDA | 0.47 | 1.54 | — | 1.14 | 0.36 |
| Debt to equity | 0.17 | 0.54 | — | 0.42 | 0.1 |
| Interest coverage | 16.8 | 10.7 | 5.6 | 7.4 | 10.3 |
| Asset turnover | 1.66 | 1.14 | 2.2 | 1.1 | 1.1 |
| Return ratios | |||||
| Return on assets % | 11.8% | 8.9% | 18.8% | 11% | 11.1% |
| Return on capital employed % | — | — | — | 25.6% | 24.3% |
| Return on equity % | 16.7% | 16% | — | 18.7% | 13.9% |
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.