Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 6.6% | 6.3% | 4.7% | 5.2% |
| EBITDA margin % | 5.2% | 4.7% | 2.9% | 3.8% |
| EBIT margin % | 4.8% | 4.4% | 2.6% | 3.5% |
| PAT margin % | 3.3% | 3.4% | 2% | 2.6% |
| Working capital | ||||
| Receivable days | 71 | 74 | 63 | 79 |
| Inventory days | 12 | 13 | 8 | 34 |
| Payable days | 16 | 10 | 7 | 41 |
| NWC days | 67 | 77 | 64 | 73 |
| Leverage | ||||
| Current ratio | 5.24 | 4.72 | 8.32 | 1.87 |
| Debt to EBITDA | 0.42 | 0.48 | 0.04 | 3.77 |
| Debt to equity | 0.08 | 0.08 | 0 | 0.46 |
| Interest coverage | 7.9 | 29.5 | 15 | 7.8 |
| Asset turnover | 3.02 | 2.91 | 3.27 | 1.73 |
| Return ratios | ||||
| Return on assets % | 9.8% | 9.9% | 6.4% | 4.4% |
| Return on capital employed % | 18.2% | 17.1% | 10.9% | 11.5% |
| Return on equity % | 12.3% | 11.7% | 7% | 8.3% |
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.