Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 30.7% | 43.2% | 48.2% | 49.3% |
| EBITDA margin % | — | 7.7% | 5.8% | 5.2% | 4.2% |
| EBIT margin % | — | 6.2% | 3.7% | 3.2% | 2.3% |
| PAT margin % | 6.7% | 4.2% | 2.1% | 0.5% | 0.8% |
| Working capital | |||||
| Receivable days | — | 18 | 14 | 13 | 10 |
| Inventory days | — | 163 | 295 | 273 | 230 |
| Payable days | — | 33 | 37 | 27 | 27 |
| NWC days | — | 149 | 271 | 259 | 214 |
| Leverage | |||||
| Current ratio | — | 1.28 | 1.16 | 1.12 | 1.14 |
| Debt to EBITDA | — | 3.95 | 7.59 | 8.23 | 8.04 |
| Debt to equity | — | 0.81 | 1.03 | 1.13 | 1.02 |
| Interest coverage | -0.8 | 4.2 | 2.5 | 1.3 | 1.6 |
| Asset turnover | — | 1.27 | 1.02 | 1.13 | 1.34 |
| Return ratios | |||||
| Return on assets % | — | 5.4% | 2.1% | 0.5% | 1.1% |
| Return on capital employed % | — | 14.2% | 9% | 7% | 7.9% |
| Return on equity % | — | 11.3% | 4.8% | 1.2% | 2.4% |
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.