Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 8.3% | 25.8% | 28.1% |
| EBITDA margin % | 7.9% | 5.4% | 6.3% |
| EBIT margin % | 4.3% | 2.7% | 3.5% |
| PAT margin % | 0.6% | -1.5% | 0.1% |
| Working capital | |||
| Receivable days | 40 | 26 | 19 |
| Inventory days | 190 | 194 | 196 |
| Payable days | — | 141 | 147 |
| NWC days | — | 79 | 69 |
| Leverage | |||
| Current ratio | 0.95 | 1.13 | 1.1 |
| Debt to EBITDA | 4.97 | 4.88 | 4.23 |
| Debt to equity | 1.32 | 0.63 | 0.68 |
| Interest coverage | 1.1 | 0.9 | 1.7 |
| Asset turnover | 0.84 | 0.95 | 0.97 |
| Return ratios | |||
| Return on assets % | 0.5% | -1.4% | 0.1% |
| Return on capital employed % | 9.8% | 6.8% | 7.3% |
| Return on equity % | 2.1% | -3.5% | 0.2% |
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.