Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 76.7% | 79% | — | 91.4% | 64% | ||
| 51.6% |
| 51.9% |
| EBITDA margin % | — | — | 56.4% | 13.4% | 21% | 7.5% | 15.2% |
| EBIT margin % | — | — | 54.1% | 7.5% | 12.9% | -0.2% | 10.1% |
| PAT margin % | 14.7% | 12.4% | 38.2% | 9.4% | 9.9% | 2.4% | 11.3% |
| Working capital | |||||||
| Receivable days | 46 | — | 28 | — | 40 | 31 | 24 |
| Inventory days | 66 | — | 66 | — | 80 | 98 | 73 |
| Payable days | — | — | 50 | — | 94 | 46 | 45 |
| NWC days | — | — | 44 | — | 26 | 82 | 51 |
| Leverage | |||||||
| Current ratio | 4.19 | — | 5.69 | — | 1.02 | 1.15 | 3.01 |
| Debt to EBITDA | — | — | 0.35 | — | 2.76 | 5.53 | 0.24 |
| Debt to equity | 0 | — | 0.07 | — | 0.12 | 0.1 | 0.02 |
| Interest coverage | 2.8 | 19.9 | 324.3 | 11.8 | 3.2 | 1.1 | 7.6 |
| Asset turnover | 0.76 | — | 0.3 | — | 0.17 | 0.21 | 0.38 |
| Return ratios | |||||||
| Return on assets % | 11.3% | — | 11.5% | — | 1.7% | 0.5% | 4.2% |
| Return on capital employed % | 2% | — | 18.4% | — | 3.7% | 0.9% | 4.9% |
| Return on equity % | 14.2% | — | 13.1% | — | 2% | 0.6% | 4.7% |
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.