Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 21.1% | 15.4% | 70.6% |
| EBITDA margin % | 12.7% | 8% | 9.3% |
| EBIT margin % |
| 11.6% |
| 7.1% |
| 8.4% |
| PAT margin % | 5.2% | 3.7% | 5.4% |
| Working capital | |||
| Receivable days | 70 | 11 | 31 |
| Inventory days | 374 | 262 | 571 |
| Payable days | 17 | 4 | 20 |
| NWC days | 427 | 269 | 582 |
| Leverage | |||
| Current ratio | 2.69 | 3.69 | 5.7 |
| Debt to EBITDA | 1.78 | 2.08 | 1.22 |
| Debt to equity | 0.24 | 0.24 | 0.14 |
| Interest coverage | 2.9 | 3.1 | 6.8 |
| Asset turnover | 0.71 | 1.07 | 1.01 |
| Return ratios | |||
| Return on assets % | 3.7% | 3.9% | 5.5% |
| Return on capital employed % | 12.2% | 12.8% | 12.1% |
| Return on equity % | 5.7% | 5.3% | 6.8% |
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.