Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 22.8% | 23.6% | 23.7% |
| EBITDA margin % | 3.1% | 3.1% | 3.3% |
| EBIT margin % | 2.8% | 2.9% | 2.4% |
| PAT margin % | 2.1% | 1.9% | 1.8% |
| Working capital | |||
| Receivable days | 41 | 50 | 46 |
| Inventory days | 74 | 73 | 79 |
| Payable days | 69 | 70 | 74 |
| NWC days | 47 | 53 | 52 |
| Leverage | |||
| Current ratio | 1.44 | 1.4 | 1.49 |
| Debt to EBITDA | 1.07 | 1.47 | 1.18 |
| Debt to equity | 0.24 | 0.37 | 0.27 |
| Interest coverage | 23.7 | 13.5 | 6.7 |
| Asset turnover | 2.83 | 2.86 | 2.69 |
| Return ratios | |||
| Return on assets % | 6.1% | 5.6% | 4.8% |
| Return on capital employed % | 22.5% | 26.5% | 22.9% |
| Return on equity % | 15.8% | 15.9% | 12.4% |
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.