Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 94.6% | — | 97.1% |
| EBITDA margin % | 3.2% | 5.5% | 5.2% |
| EBIT margin % | 2.6% | 5% | 4.8% |
| PAT margin % | 0.7% | 3.6% | 3.3% |
| Working capital | |||
| Receivable days | — | 59 | 82 |
| Inventory days | — | 62 | 1,577 |
| Payable days | — | 18 | 592 |
| NWC days | — | 103 | 1,067 |
| Leverage | |||
| Current ratio | — | 1.52 | 1.45 |
| Debt to EBITDA | — | 2.3 | 0.29 |
| Debt to equity | — | 0.31 | 0.05 |
| Interest coverage | 10.8 | 17.4 | 25.2 |
| Asset turnover | — | 1.22 | 1.55 |
| Return ratios | |||
| Return on assets % | — | 4.4% | 5.1% |
| Return on capital employed % | — | 11.4% | 17% |
| Return on equity % | — | 8.6% | 11.3% |
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.