Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 40.9% | 38.3% | 39.3% | 37.6% |
| EBITDA margin % | 12.1% | 11.5% | 13.3% | 10.5% |
| EBIT margin % | 9.8% | 8.8% | 10.7% | 7.7% |
| PAT margin % | 7.8% | 8.2% | 9.4% | 6.3% |
| Working capital | ||||
| Receivable days | 83 | 73 | 61 | 63 |
| Inventory days | 210 | 184 | 189 | 211 |
| Payable days | 167 | 167 | 147 | 169 |
| NWC days | 126 | 89 | 102 | 104 |
| Leverage | ||||
| Current ratio | 1.74 | 1.69 | 1.81 | 1.67 |
| Debt to EBITDA | 0.29 | 0.24 | 0.13 | 0.21 |
| Debt to equity | 0.05 | 0.04 | 0.03 | 0.03 |
| Interest coverage | 43 | 38 | 57.4 | 47.4 |
| Asset turnover | 0.92 | 0.92 | 0.94 | 0.91 |
| Return ratios | ||||
| Return on assets % | 7.2% | 7.5% | 8.8% | 5.7% |
| Return on capital employed % | 16.7% | 16.4% | 18.9% | 13.2% |
| Return on equity % | 12% | 13% | 14.4% | 9.7% |
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.