Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 52.1% | 47.5% | 47% |
| EBITDA margin % | 13.9% | 16.1% | 17.8% |
| EBIT margin % |
| 5.5% |
| 11.1% |
| 13.8% |
| PAT margin % | 6.9% | 10.9% | 10.1% |
| Working capital | |||
| Receivable days | 82 | 60 | 52 |
| Inventory days | 82 | 77 | 54 |
| Payable days | 81 | 65 | 45 |
| NWC days | 83 | 72 | 61 |
| Leverage | |||
| Current ratio | 1.44 | 1.47 | 1.73 |
| Debt to EBITDA | 2 | 1.34 | 0.53 |
| Debt to equity | 0.25 | 0.27 | 0.13 |
| Interest coverage | 3.5 | 9 | 6.9 |
| Asset turnover | 0.57 | 0.78 | 0.93 |
| Return ratios | |||
| Return on assets % | 3.9% | 8.6% | 9.4% |
| Return on capital employed % | 7.3% | 17.4% | 19.6% |
| Return on equity % | 6.1% | 13.5% | 14.2% |
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.