Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 24.2% | 26.1% | 21.9% |
| EBITDA margin % | 8.3% | 10% | 3.2% |
| EBIT margin % | 7.9% | 9.7% | 2.9% |
| PAT margin % | 6.1% | 8.8% | 7.2% |
| Working capital | |||
| Receivable days | 131 | 135 | 134 |
| Inventory days | 46 | 62 | 37 |
| Payable days | 107 | 82 | 111 |
| NWC days | 69 | 114 | 60 |
| Leverage | |||
| Current ratio | 1.95 | 5.17 | 4.14 |
| Debt to EBITDA | 1.76 | 0 | 0 |
| Debt to equity | 0.21 | 0 | 0 |
| Interest coverage | 12 | 42.9 | 96.1 |
| Asset turnover | 0.92 | 0.65 | 0.48 |
| Return ratios | |||
| Return on assets % | 5.6% | 5.8% | 3.5% |
| Return on capital employed % | 12.5% | 12% | 5.6% |
| Return on equity % | 8.7% | 6.6% | 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.