Consolidated figures
| Ratio | Mar 2021 | Mar 2022 |
|---|---|---|
| Margins | ||
| Gross margin % | 84.5% | 88.2% |
| EBITDA margin % | 23.3% | 27.2% |
| EBIT margin % | 18.3% | 22.1% |
| PAT margin % | 14% | 16.2% |
| Working capital | ||
| Receivable days | 88 | 85 |
| Inventory days | 435 | 672 |
| Payable days | 133 | 151 |
| NWC days | 391 | 606 |
| Leverage | ||
| Current ratio | 3.57 | 2.91 |
| Debt to EBITDA | 0 | 0.63 |
| Debt to equity | 0 | 0.15 |
| Interest coverage | 64.5 | 27.4 |
| Asset turnover | 0.69 | 0.64 |
| Return ratios | ||
| Return on assets % | 9.7% | 10.3% |
| Return on capital employed % | 15.7% | 20% |
| Return on equity % | 11.5% | 13.9% |
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.