Ratios

Dupont Analysis

Metric	Mar 2004	Mar 2005	Mar 2006
ROE	7.92%	48.07%	18.40%
PAT margin	0.76%	2.01%	0.27%
Asset Turnover	5.31x	5.39x	5.21x
Leverage	5.61x	4.60x	4.82x

Metric	Mar 2004	Mar 2005	Mar 2006
Inventory Days	5.3	14.5	23.0
Receivable Days	13.1	11.2	12.3
Payable Days	31.2	22.0	14.8
Cash Conversion Cycle	-12.8	3.7	20.5

Metric	Mar 2004	Mar 2005	Mar 2006
ROE	7.92%	48.07%	18.40%
ROCE	14.21%	35.42%	19.91%
ROA	1.41%	10.44%	3.82%