Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 26.6% | 28.5% | 27% |
| EBITDA margin % | 9% | 9.1% | 6.2% |
| EBIT margin % |
| 8.1% |
| 7.9% |
| 5.3% |
| PAT margin % | 4.8% | 4.1% | 2.5% |
| Working capital | |||
| Receivable days | 58 | 46 | 45 |
| Inventory days | 204 | 262 | 275 |
| Payable days | — | 22 | 27 |
| NWC days | — | 286 | 293 |
| Leverage | |||
| Current ratio | 1.62 | 2.18 | 1.98 |
| Debt to EBITDA | 4.37 | 3.34 | 5.3 |
| Debt to equity | 1.14 | 0.44 | 0.46 |
| Interest coverage | 3 | 2.9 | 2 |
| Asset turnover | 1.18 | 0.88 | 0.81 |
| Return ratios | |||
| Return on assets % | 5.7% | 3.7% | 2% |
| Return on capital employed % | 22.8% | 16.1% | 9% |
| Return on equity % | 13.9% | 6% | 3.4% |
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.