Ratios
Ratios - Consolidated
 
 
2020-2021
April-March
2021-2022
April-March
2022-2023
April-March
Liquidity Ratios**        
Current ratio
(time)
2.47
2.37
2.67
Quick ratio
(time)
1.34
1.25
1.34
Cash flow current ratio
(time)
1.35
0.45
0.65
Receivable current ratio
(time)
6.47
6.84
7.03
Avg. debt collection period
(day)
55.61
52.66
51.24
Inventory turnover period
(time)
11.18
11.09
12.46
Avg. selling period
(day)
32.20
32.46
28.89
Payable current ratio
(time)
8.04
8.45
9.86
Loan repayment period
(day)
44.79
42.59
36.51
Cash cycle
(day)
43.02
42.52
43.62
Profitability Ratios**
 
 
 
 
Gross profit margin
(%)
31.11%
28.99%
18.08%
Operating profit margin
(%)
21.35%
17.40%
8.84%
Other profit margin
(%)
0.09%
1.60%
0.08%
Cash to profit margin
(%)
119.43%
43.05%
116.24%
Net profit margin
(%)
19.52%
16.17%
7.88%
Return on equity
(%)
21.09%
21.45%
11.35%
Efficiency Ratios**
 
 
 
 
Return on assets
(%)
15.83%
15.57%
8.17%
Return on fixed assets
(%)
34.78%
36.83%
24.59%
Asset turnover
(time)
0.81
0.96
1.04
Financial Policy Ratios**
 
 
 
 
Debt to equity ratio
(time)
0.31
0.43
0.33
Interest coverage ratio
(time)
64.92
31.23
0.34
Commitment coverage ratio (cash basis)
(time)
1.49
0.78
0.34
Pay out ratio *
(%)
30%
35%
34%

* Payout ratio is on normalized profits. For FY 2022-23, it is as proposed by Board of Directors for Shareholder consideration and approval

** All other ratios are on Reported Financial Statement basis