Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 40% | 32.7% | 31.4% |
| EBITDA margin % | 14.9% | 12.7% | 11.6% |
| EBIT margin % |
| 9.7% |
| 8.3% |
| 7.6% |
| PAT margin % | 1.1% | 1.2% | 1.1% |
| Working capital | |||
| Receivable days | 66 | 72 | 60 |
| Inventory days | 134 | 127 | 151 |
| Payable days | 117 | 115 | 95 |
| NWC days | 83 | 84 | 116 |
| Leverage | |||
| Current ratio | 1.24 | 1.09 | 1.41 |
| Debt to EBITDA | 3.05 | 2.53 | 3.78 |
| Debt to equity | 1.93 | 1.39 | 1.75 |
| Interest coverage | 1.2 | 1.3 | 1.3 |
| Asset turnover | 0.97 | 1.07 | 1.06 |
| Return ratios | |||
| Return on assets % | 1% | 1.3% | 1.1% |
| Return on capital employed % | 19.7% | 20% | 19.2% |
| Return on equity % | 4.5% | 5.3% | 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.