Consolidated figures
| Ratio | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 45.6% | 44.2% | 40.1% | 41.4% |
| EBITDA margin % | 4.1% | 2.3% | 4.3% | 6.6% |
| EBIT margin % | 0.8% | -2.7% | 1.7% | 4.4% |
| PAT margin % | -0.1% | -3% | 0.3% | 3.7% |
| Working capital | ||||
| Receivable days | 70 | 92 | 45 | 42 |
| Inventory days | 65 | 82 | 57 | 42 |
| Payable days | 151 | 260 | 142 | 110 |
| NWC days | -16 | -85 | -40 | -26 |
| Leverage | ||||
| Current ratio | 1.06 | 0.82 | 0.77 | 0.79 |
| Debt to EBITDA | 5.16 | 8.14 | 2.61 | 0.8 |
| Debt to equity | 0.74 | 0.43 | 0.33 | 0.16 |
| Interest coverage | 0.8 | -0.3 | 1.1 | 2.5 |
| Asset turnover | 1.18 | 0.87 | 1.25 | 1.6 |
| Return ratios | ||||
| Return on assets % | -0.1% | -2.6% | 0.3% | 5.9% |
| Return on capital employed % | 5.7% | -1.4% | 8% | 15.2% |
| Return on equity % | -0.3% | -6.9% | 0.8% | 11.1% |
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.