Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 60.4% | 58.7% | 53% |
| EBITDA margin % | 10.9% | 13.4% | 16.4% |
| EBIT margin % | 5.6% | 8% | 12.2% |
| PAT margin % | 3.1% | 3.7% | 6.1% |
| Working capital | |||
| Receivable days | 87 | 116 | 136 |
| Inventory days | 487 | 708 | 434 |
| Payable days | 291 | 309 | 66 |
| NWC days | 282 | 515 | 504 |
| Leverage | |||
| Current ratio | 1.08 | 1.39 | 1.28 |
| Debt to EBITDA | 5.15 | 4.08 | 4.23 |
| Debt to equity | 0.73 | 0.42 | 0.72 |
| Interest coverage | 1.8 | 1.9 | 2.4 |
| Asset turnover | 0.56 | 0.42 | 0.5 |
| Return ratios | |||
| Return on assets % | 1.7% | 1.5% | 3.1% |
| Return on capital employed % | 9.7% | 8.9% | 12.9% |
| Return on equity % | 4% | 2.8% | 6.3% |
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.