Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 21.4% | 26.8% |
| EBITDA margin % | 10% | 13.3% |
| EBIT margin % | 7.1% | 8.7% |
| PAT margin % | 3.4% | 4.4% |
| Working capital | ||
| Receivable days | 59 | 88 |
| Inventory days | 127 | 113 |
| Payable days | 3 | 10 |
| NWC days | 182 | 192 |
| Leverage | ||
| Current ratio | 1.65 | 1.88 |
| Debt to EBITDA | 5.54 | 3.68 |
| Debt to equity | 1.5 | 0.96 |
| Interest coverage | 2.3 | 2.7 |
| Asset turnover | 1.03 | 0.95 |
| Return ratios | ||
| Return on assets % | 3.5% | 4.2% |
| Return on capital employed % | 13% | 14.3% |
| Return on equity % | 9% | 8.7% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.