Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 9.2% | 10.7% | 6.6% | 2.9% | 7.1% |
| EBITDA margin % | 6.1% | 6.7% | 4.9% | 0.3% | 2.2% |
| EBIT margin % | 5.9% | 6.5% | 4.7% | -0.3% | 1.3% |
| PAT margin % | 6% | 5.7% | 4.8% | 3.2% | 4.5% |
| Working capital | |||||
| Receivable days | 23 | 93 | 171 | 53 | 66 |
| Inventory days | 10 | 75 | 34 | 58 | 225 |
| Payable days | 35 | 44 | 104 | 29 | 96 |
| NWC days | -2 | 124 | 101 | 82 | 195 |
| Leverage | |||||
| Current ratio | 1.17 | 1.83 | 2.57 | 2.98 | 2.67 |
| Debt to EBITDA | 7.5 | 6 | 3.81 | 0 | 0 |
| Debt to equity | 4.27 | 0.89 | 0.24 | 0 | 0 |
| Interest coverage | 7.7 | 4.4 | 4 | 6.5 | 17.9 |
| Asset turnover | 1.17 | 1.03 | 0.79 | 0.68 | 0.43 |
| Return ratios | |||||
| Return on assets % | 7% | 5.9% | 3.8% | 2.2% | 1.9% |
| Return on capital employed % | 56.4% | 30.9% | 13.5% | 5.7% | 4.5% |
| Return on equity % | 55.8% | 12.7% | 6.1% | 3.1% | 2.8% |
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.