Ratios

Dupont Analysis

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
ROE	9.77%	1.91%	4.90%	5.88%	1.76%	1.17%
PAT margin	0.81%	0.91%	2.79%	2.15%	0.68%	2.52%
Asset Turnover	0.83x	0.92x	0.64x	0.64x	0.66x	0.47x
Leverage	2.93x	2.22x	2.18x	2.41x	2.79x	3.77x

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Inventory Days	29.7	22.1	38.3	57.6	47.8	39.6
Receivable Days	158.9	134.8	227.2	220.6	256.3	427.9
Payable Days	47.7	22.1	304.3	345.2	255.6	298.7
Cash Conversion Cycle	141.0	134.8	-38.8	-66.9	48.6	168.8

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
ROE	9.77%	1.91%	4.90%	5.88%	1.76%	1.17%
ROCE	10.29%	6.69%	7.67%	8.06%	5.09%	4.77%
ROA	3.33%	0.86%	2.25%	2.44%	0.63%	0.31%