Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 94.4% | — | — | 92.5% |
| EBITDA margin % | 8.4% | 9% | ||
| 0.8% |
| 1.8% |
| EBIT margin % | 7% | 7.7% | -0.3% | 0.9% |
| PAT margin % | -2.5% | 3.2% | -1.9% | 0.3% |
| Working capital | ||||
| Receivable days | 60 | 59 | 48 | 55 |
| Inventory days | 1,760 | 117 | 200 | 2,251 |
| Payable days | 1,479 | 0 | 1 | 2,056 |
| NWC days | 341 | 176 | 247 | 250 |
| Leverage | ||||
| Current ratio | 0.96 | 1.41 | 1.27 | 1.28 |
| Debt to EBITDA | 2.56 | 0.99 | 16.31 | 6.33 |
| Debt to equity | 1.33 | 0.3 | 0.34 | 0.38 |
| Interest coverage | 2.7 | 4.3 | 0 | 0.6 |
| Asset turnover | 1.48 | 1.44 | 1.05 | 1.15 |
| Return ratios | ||||
| Return on assets % | -3.7% | 4.6% | -2% | 0.3% |
| Return on capital employed % | 41.9% | 31.3% | 0.2% | 3.7% |
| Return on equity % | -15.5% | 10.9% | -5.2% | 0.8% |
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.