Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 29.8% | 31% | 31.3% | 27.8% |
| EBITDA margin % | 2.4% | 6.1% | 7.6% | 10.7% |
| EBIT margin % | 1% | 5% | 6.7% | 9.8% |
| PAT margin % | 1.4% | 1.5% | 3.3% | 5.3% |
| Working capital | ||||
| Receivable days | — | 16 | 25 | 35 |
| Inventory days | — | 300 | 314 | 95 |
| Payable days | — | 55 | 92 | 41 |
| NWC days | — | 262 | 247 | 90 |
| Leverage | ||||
| Current ratio | — | 1.04 | 1.02 | 1.17 |
| Debt to EBITDA | — | 8.18 | 6.45 | 1.67 |
| Debt to equity | — | 6.88 | 5.25 | 1.57 |
| Interest coverage | 1.3 | 1.4 | 2.1 | 4.1 |
| Asset turnover | — | 1.25 | 1.12 | 2.12 |
| Return ratios | ||||
| Return on assets % | — | 1.9% | 3.7% | 11.2% |
| Return on capital employed % | — | 37.3% | 42.5% | 62.1% |
| Return on equity % | — | 21.2% | 35.6% | 46.7% |
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.