Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 25.5% | 37.1% | 38.8% | — |
| EBITDA margin % | 4.2% | 12.6% | ||
| 11.6% |
| 14.5% |
| EBIT margin % | 0.9% | 9.1% | 7.7% | 10.2% |
| PAT margin % | 2.8% | 4% | 4.2% | 5.7% |
| Working capital | ||||
| Receivable days | — | — | — | — |
| Inventory days | 30 | 122 | 62 | — |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | 8.34 | 4.27 | 3.06 | — |
| Debt to equity | 1.34 | 1.83 | 1.45 | — |
| Interest coverage | 2.6 | 2.4 | 2.8 | 3 |
| Asset turnover | 1.35 | 1.01 | 1.49 | — |
| Return ratios | ||||
| Return on assets % | 3.8% | 4% | 6.2% | — |
| Return on capital employed % | 7.9% | 11.9% | 13.6% | — |
| Return on equity % | 10.8% | 13.5% | 17.1% | — |
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.