Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 88.1% | 82.9% | 74.3% | 75.4% | 73.1% | 66.8% |
| EBITDA margin % | 2.2% | 6.7% | 21.2% | 15.1% | 14.9% | 10.4% |
| EBIT margin % | -3.2% | 1.8% | 17.5% | 10.9% | 11% | 6.6% |
| PAT margin % | -0.8% | 0.1% | 10.2% | 10% | 7.8% | 3.5% |
| Working capital | ||||||
| Receivable days | 45 | 33 | 33 | 40 | 49 | 63 |
| Inventory days | 376 | 349 | 489 | 603 | 581 | 545 |
| Payable days | 108 | 57 | 45 | 116 | 106 | 135 |
| NWC days | 314 | 326 | 477 | 527 | 524 | 474 |
| Leverage | ||||||
| Current ratio | 0.58 | 0.69 | 0.88 | 1.03 | 1.13 | 1.1 |
| Debt to EBITDA | 17.51 | 5.45 | 2.59 | 3.4 | 3.06 | 5.09 |
| Debt to equity | 0.36 | 0.42 | 0.82 | 0.62 | 0.56 | 0.65 |
| Interest coverage | -0.3 | 0.8 | 3.6 | 3.7 | 3.7 | 2.1 |
| Asset turnover | 0.6 | 0.72 | 0.74 | 0.67 | 0.69 | 0.64 |
| Return ratios | ||||||
| Return on assets % | -0.5% | 0.1% | 7.5% | 6.7% | 5.4% | 2.2% |
| Return on capital employed % | -1.1% | 3% | 26.6% | 14% | 14.8% | 9.8% |
| Return on equity % | -0.8% | 0.1% | 15.2% | 12.2% | 9.6% | 4.3% |
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.