Consolidated figures
| Ratio | Mar 2021 | Mar 2022 |
|---|---|---|
| Margins | ||
| Gross margin % | 43.3% | 40.6% |
| EBITDA margin % | 14.2% | 13.1% |
| EBIT margin % | 8.8% | 9.3% |
| PAT margin % | 3.5% | 4.3% |
| Working capital | ||
| Receivable days | 62 | 38 |
| Inventory days | 271 | 178 |
| Payable days | 126 | 76 |
| NWC days | 207 | 140 |
| Leverage | ||
| Current ratio | 1.24 | 1.39 |
| Debt to EBITDA | 2.82 | 2.77 |
| Debt to equity | 0.92 | 1.11 |
| Interest coverage | 2 | 2.8 |
| Asset turnover | 0.86 | 1.11 |
| Return ratios | ||
| Return on assets % | 3% | 4.7% |
| Return on capital employed % | 14% | 19.2% |
| Return on equity % | 8.1% | 13.1% |
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.