Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 32.5% | 32% | 28.9% | 28.2% |
| EBITDA margin % | 9.9% | 13.2% | 5.3% | 7.8% |
| EBIT margin % | 6.9% | 11.1% | 2.4% | 4.6% |
| PAT margin % | 1.5% | 7.7% | 2.8% | 1.5% |
| Working capital | ||||
| Receivable days | 91 | 81 | 129 | 138 |
| Inventory days | 121 | 115 | 93 | 146 |
| Payable days | 143 | 125 | 133 | 175 |
| NWC days | 68 | 71 | 89 | 109 |
| Leverage | ||||
| Current ratio | 1.51 | 3 | 2.01 | 1.28 |
| Debt to EBITDA | 2.08 | 0.26 | 11.54 | 5.16 |
| Debt to equity | 0.71 | 0.05 | 0.69 | 0.39 |
| Interest coverage | 3.1 | 6 | 1.7 | 1.6 |
| Asset turnover | 1.1 | 0.94 | 0.55 | 0.5 |
| Return ratios | ||||
| Return on assets % | 1.7% | 7.2% | 1.5% | 0.8% |
| Return on capital employed % | 22.2% | 25.5% | 8.2% | 7.1% |
| Return on equity % | 5.2% | 10.5% | 3.2% | 1.5% |
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.