Bharat Electronics Key Ratios

The increasing PAT margin from 15.6% to 22.39% indicates improved profitability, significantly enhancing ROE.Asset turnover ratio has gradually improved from 0.4936 to 0.5999, meaning that the company is using its assets more efficiently to generate sales.Leverage has decreased, reflecting lower debt reliance; a declining assets-to-equity ratio can suggest increased equity strength, which positively influences the ROE.

Inventory days saw a slight increase, suggesting potential issues in inventory management or sales efficiency, impacting cash flow.Receivable days improved significantly, indicating quicker collections from customers, enhancing working capital efficiency.Payable days decreased notably, as the company is paying its suppliers faster, which may constrain cash flow but could lead to better supplier relations.

ROE has shown a robust increase from 20.17% to 29.13%, driven by strong profitability with significant gains in both net income and equity efficiency.ROCE also improved, indicating better returns on capital employed and reflecting effective utilization of both debt and equity.The consistent rise in ROA from 7.56% to 13.34% highlights enhanced overall asset efficiency, indicating strong management performance across the board.