Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 53.2% | 44.1% | 42.4% |
| EBITDA margin % | 10.5% | 9.7% | 3.8% |
| EBIT margin % | 5.8% | 5.9% | -2.3% |
| PAT margin % | 5.8% | 5.6% | 3.5% |
| Working capital | |||
| Receivable days | 84 | 56 | 93 |
| Inventory days | 294 | 170 | 152 |
| Payable days | 163 | 108 | 55 |
| NWC days | 215 | 118 | 190 |
| Leverage | |||
| Current ratio | 2.44 | 2.14 | 2.69 |
| Debt to EBITDA | 2.26 | 2.62 | 7.99 |
| Debt to equity | 0.12 | 0.2 | 0.13 |
| Interest coverage | 6.2 | 7.1 | 3.1 |
| Asset turnover | 0.38 | 0.56 | 0.36 |
| Return ratios | |||
| Return on assets % | 2.2% | 3.1% | 1.3% |
| Return on capital employed % | 4.7% | 6.5% | 2.9% |
| Return on equity % | 3% | 4.3% | 1.5% |
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.