Ratios

Dupont Analysis

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
ROE	7.67%	9.69%	10.27%	-4.28%	17.38%
PAT margin	6.83%	-2.32%	4.96%	4.78%	4.02%
Asset Turnover	1.06x	1.10x	1.14x	1.02x	1.55x
Leverage	1.83x	1.84x	1.82x	1.81x	1.64x

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Inventory Days	39.8	37.5	39.5	50.8	42.1
Receivable Days	66.1	62.8	74.3	95.9	54.8
Payable Days	82.5	71.5	69.3	84.6	60.1
Cash Conversion Cycle	23.4	28.8	44.5	62.1	36.7

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
ROE	7.67%	9.69%	10.27%	-4.28%	17.38%
ROCE	11.50%	14.12%	12.37%	-1.98%	23.35%
ROA	4.19%	5.28%	5.65%	-2.37%	10.57%