Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 34.5% | 31% | 38.6% |
| EBITDA margin % | 8.5% | 8.8% | 13% |
| EBIT margin % | 7.6% | 7.9% | 11% |
| PAT margin % | 4% | 3.7% | 6.4% |
| Working capital | |||
| Receivable days | 197 | 194 | 182 |
| Inventory days | 201 | 182 | 308 |
| Payable days | 167 | 152 | 104 |
| NWC days | 231 | 223 | 385 |
| Leverage | |||
| Current ratio | 1.47 | 1.48 | 1.19 |
| Debt to EBITDA | 3.63 | 3.92 | 3.71 |
| Debt to equity | 0.44 | 0.5 | 0.44 |
| Interest coverage | 3.5 | 2.8 | 3.3 |
| Asset turnover | 0.69 | 0.69 | 0.46 |
| Return ratios | |||
| Return on assets % | 2.8% | 2.6% | 2.9% |
| Return on capital employed % | 9.5% | 10.2% | 10.4% |
| Return on equity % | 5.8% | 5.4% | 5.9% |
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.