Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 2.6% | 2% | 3.5% | 3.4% | 2.9% |
| EBITDA margin % | 0.7% | 0.6% | 1.4% | 1.1% | 1% |
| EBIT margin % | 0.6% | 0.3% | 1% | 0.8% | 0.8% |
| PAT margin % | 0.6% | 0.3% | 0.5% | 0.4% | 0.5% |
| Working capital | |||||
| Receivable days | 36 | 46 | 47 | 22 | 28 |
| Inventory days | 12 | 9 | 26 | 8 | 7 |
| Payable days | 5 | 18 | 20 | 5 | 11 |
| NWC days | 42 | 37 | 53 | 25 | 24 |
| Leverage | |||||
| Current ratio | 2.82 | 2.41 | 2.14 | 2.38 | 3.19 |
| Debt to EBITDA | 5.5 | 5.06 | 4.91 | 4.48 | 3.2 |
| Debt to equity | 0.21 | 0.19 | 0.38 | 0.38 | 0.21 |
| Interest coverage | 4.6 | 4.3 | 3.3 | 2.8 | 2.5 |
| Asset turnover | 3.78 | 4.36 | 3.25 | 4.85 | 4.44 |
| Return ratios | |||||
| Return on assets % | 2.1% | 1.4% | 1.8% | 2.1% | 2.1% |
| Return on capital employed % | 4.7% | 3.8% | 5.6% | 6.7% | 6.8% |
| Return on equity % | 2.8% | 2.2% | 3% | 3.3% | 3% |
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.