127 c) Refer Note 29.3 (D) for details of contribution to a trust controlled by related party in relation to expenditure on CSR initiatives. Note 29.13 Ratios No. Ratio UoM Formula As at March 31, 2024 As at March 31, 2023 Variance % Reason for variance a) Current ratio Times A ÷ B 0.75 1.58 (53%) Reduction in current portion of loans given b) Debt-equity ratio Times I ÷ H - 0.00 (100%) Maximum outstanding borrowings paid during previous year c) Debt service coverage ratio Times Q ÷ (J + M) 560.42 1.61 34624% Maximum outstanding borrowings paid during previous year d) Return on equity ratio % P ÷ average of H 2.76 1.23 125% Increase in profitability in current year e) Inventory turnover ratio Times L ÷ average of D 18.24 18.71 (3%) Below threshold of 25% f) Trade receivables turnover ratio Times L ÷ average of E 10.27 19.20 (47%) Due to decrease in sales price g) Trade payables turnover ratio Times R ÷ average of G 10.34 11.96 (14%) Below threshold of 25% h) Net capital turnover ratio Times L ÷ average of C 30.27 17.64 72% Reduction in net working capital i) Net profit ratio % O ÷ L 11.02 3.49 216% Better profitability in current year j) Return on Capital Employed % (M + O) ÷ average of K 4.53 3.54 28% Better profitability in current year k) Return on Investment % (M + O) ÷ average of F 4.16 3.16 32% Better profitability in current year
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