Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 14.3% | 17.1% | 18.7% |
| EBITDA margin % | 8.9% | 11.7% | 13.1% |
| EBIT margin % | 7.4% | 10.3% | 11.5% |
| PAT margin % | 5% | 6.2% | 7.9% |
| Working capital | |||
| Receivable days | 49 | 94 | — |
| Inventory days | 62 | 96 | 100 |
| Payable days | — | — | — |
| NWC days | — | — | — |
| Leverage | |||
| Current ratio | 4.21 | 3.67 | 2.6 |
| Debt to EBITDA | 0.64 | 2.08 | — |
| Debt to equity | 0.07 | 0.19 | — |
| Interest coverage | 5.7 | 5.1 | 5.5 |
| Asset turnover | 1 | 0.6 | 0.57 |
| Return ratios | |||
| Return on assets % | 5% | 3.7% | 4.5% |
| Return on capital employed % | 8.6% | 10% | 10.3% |
| Return on equity % | 6.1% | 4.8% | — |
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.