Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 26.3% | 28.3% | 32.3% | 39.2% |
| EBITDA margin % | 11.4% | 10.7% | 7.9% | 14.8% |
| EBIT margin % | 8.8% | 8.2% | 1.9% | 8.1% |
| PAT margin % | 5.4% | 5.1% | -0.9% | 3.8% |
| Working capital | ||||
| Receivable days | 63 | 75 | 65 | 59 |
| Inventory days | 88 | 69 | 81 | 91 |
| Payable days | 48 | 56 | 59 | 39 |
| NWC days | 103 | 88 | 87 | 111 |
| Leverage | ||||
| Current ratio | 1.49 | 1.16 | 0.99 | 1.15 |
| Debt to EBITDA | 3.18 | 4.5 | 5.57 | 2.32 |
| Debt to equity | 1.17 | 1.48 | 1.85 | 1.53 |
| Interest coverage | 4.9 | 5.3 | 0.7 | 2.5 |
| Asset turnover | 1.27 | 1.05 | 1.18 | 1.45 |
| Return ratios | ||||
| Return on assets % | 6.8% | 5.4% | -1% | 5.5% |
| Return on capital employed % | 16.9% | 15.3% | 4.4% | 21.5% |
| Return on equity % | 17.3% | 15.8% | -3.7% | 16.7% |
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.