Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 9.3% | 8% | 7.5% | 7% |
| EBITDA margin % | 3.4% | 4.3% | 4.3% | 3.6% |
| EBIT margin % | 3.1% | 4% | 4.1% | 3.4% |
| PAT margin % | 2.1% | 2.9% | 2.9% | 2.3% |
| Working capital | ||||
| Receivable days | — | — | — | — |
| Inventory days | 10 | 13 | 19 | 17 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | 8.27 | 4.69 | 6.52 | 4.91 |
| Debt to EBITDA | — | — | — | — |
| Debt to equity | — | — | — | — |
| Interest coverage | 13.2 | 15.1 | 18.9 | 11.5 |
| Asset turnover | 1.78 | 1.75 | 1.77 | 1.47 |
| Return ratios | ||||
| Return on assets % | 3.7% | 5% | 5.1% | 3.4% |
| Return on capital employed % | 6% | 8.4% | 8.9% | 7.8% |
| Return on equity % | — | — | — | — |
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.