Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 22.8% | 22.2% | 23.1% |
| EBITDA margin % | 3.9% | -0.2% | 2.4% |
| EBIT margin % |
| 1% |
| -2.8% |
| -0.4% |
| PAT margin % | 2.1% | 2.4% | 2.2% |
| Working capital | |||
| Receivable days | 103 | 132 | 132 |
| Inventory days | 197 | 202 | 305 |
| Payable days | 146 | 136 | 141 |
| NWC days | 154 | 198 | 296 |
| Leverage | |||
| Current ratio | 1.61 | 1.81 | 2.18 |
| Debt to EBITDA | 7.2 | — | 14.07 |
| Debt to equity | 0.3 | 0.3 | 0.25 |
| Interest coverage | 2 | 2.4 | 2 |
| Asset turnover | 0.63 | 0.62 | 0.47 |
| Return ratios | |||
| Return on assets % | 1.3% | 1.5% | 1% |
| Return on capital employed % | 6% | 7% | 5.3% |
| Return on equity % | 2.3% | 2.5% | 1.7% |
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.