Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 48.2% | 30.6% | 28.8% | 28.4% |
| EBITDA margin % | 11.4% | 7.2% | 6.4% | 5.9% |
| EBIT margin % | 9.7% | 6.3% | 5.6% | 5% |
| PAT margin % | 4.1% | 2.4% | 3.2% | 1.8% |
| Working capital | ||||
| Receivable days | 44 | 5 | 30 | 19 |
| Inventory days | 135 | 58 | 106 | 77 |
| Payable days | 109 | 45 | 54 | 49 |
| NWC days | 70 | 18 | 82 | 46 |
| Leverage | ||||
| Current ratio | 0.91 | 1.36 | 1.37 | 1.79 |
| Debt to EBITDA | 2.29 | 1.76 | 3.56 | 2.99 |
| Debt to equity | 0.21 | 0.19 | 0.4 | 0.24 |
| Interest coverage | 2.2 | 2.3 | 2.9 | 1.9 |
| Asset turnover | 0.56 | 1.04 | 1.03 | 0.95 |
| Return ratios | ||||
| Return on assets % | 2.3% | 2.5% | 3.3% | 1.7% |
| Return on capital employed % | 8.1% | 8.9% | 10.6% | 6.6% |
| Return on equity % | 3.3% | 3.5% | 5.7% | 2.4% |
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.