Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 90.1% | 90.7% |
| EBITDA margin % | 34.2% | 32.2% |
| EBIT margin % | 23.6% | 21.7% |
| PAT margin % | 4.1% | 18.1% |
| Working capital | ||
| Receivable days | 17 | 16 |
| Inventory days | 56 | 58 |
| Payable days | 19 | 339 |
| NWC days | 54 | -266 |
| Leverage | ||
| Current ratio | — | 2.45 |
| Debt to EBITDA | 4.03 | 0.96 |
| Debt to equity | 4.35 | 0.14 |
| Interest coverage | 1.5 | 2.5 |
| Asset turnover | 0.45 | 0.32 |
| Return ratios | ||
| Return on assets % | 1.8% | 5.8% |
| Return on capital employed % | 11.2% | 10.9% |
| Return on equity % | 13% | 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.