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32 Notes to these consolidated financial statements are intended to serve as a means of informative disclosure and a guide to better understanding of the consolidated position of the companies. Recognising this purpose, the Company has disclosed only such notes from the individual financial statements, which fairly present the needed disclosures.
33 Ratios |
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For the year ended 31 March |
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Particulars |
Remarks |
Numerator |
Denominator |
2023 |
2022 |
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(a) |
Current ratio |
Current assets |
Current liabilities |
1.83 |
2.21 |
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(b) |
Debt equity ratio |
Not applicable |
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(c) |
Debt service coverage ratio |
Not applicable |
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(d) |
Return on equity ratio |
Profit after tax |
Avg. net worth |
20.5% |
21.6% |
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(e) |
Inventory turnover ratio |
Material cost |
Avg. inventory |
18.70 |
17.86 |
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(f) |
Trade receivables turnover ratio |
Change is due to reduction in avg. trade receivables |
Revenue from contracts with customers |
Avg. trade receivables |
21.65 |
15.18 |
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(g) |
Trade payables turnover ratio |
Change is due to increase in material cost |
Purchases |
Trade payables |
6.90 |
7.23 |
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(h) |
Net capital turnover ratio |
Increase is due to reduction in current assets and increase in trade payables |
Total income |
Avg. working capital |
7.49 |
4.84 |
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(i) |
Net profit ratio |
Profit after tax |
Total income |
16.1% |
17.9% |
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(j) |
Return on capital employed |
Profit before tax |
Avg. capital employed |
26.0% |
26.2% |
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(k) |
Return on investments |
Profit before tax |
Avg. net worth |
26.5% |
26.8% |
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Notes to Consolidated financial
Note_32_33