Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 22.7% | 5.4% | — | — |
| EBITDA margin % | 16.7% | -5.3% | 14.3% | 13.8% |
| EBIT margin % | 16.6% | -5.6% | 14% | 13.6% |
| PAT margin % | 11.1% | -1.5% | 9.5% | 8.7% |
| Working capital | ||||
| Receivable days | 444 | 212 | 28 | 75 |
| Inventory days | 383 | 575 | 86 | 183 |
| Payable days | 703 | 216 | 44 | 91 |
| NWC days | 123 | 571 | 70 | 167 |
| Leverage | ||||
| Current ratio | 1.06 | 1.1 | 1.42 | 1.5 |
| Debt to EBITDA | 1.88 | — | 0.71 | 0.54 |
| Debt to equity | 1.25 | 3.02 | 0.61 | 0.24 |
| Interest coverage | 6.2 | 0.8 | 7.4 | 5.4 |
| Asset turnover | 0.34 | 0.33 | 1.54 | 0.96 |
| Return ratios | ||||
| Return on assets % | 3.8% | -0.5% | 14.6% | 8.3% |
| Return on capital employed % | 37.5% | 13.6% | 95.2% | 52.3% |
| Return on equity % | 44.1% | -5.4% | 57.8% | 28.4% |
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.