Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 8.9% | 8.4% |
| EBITDA margin % | 5.5% | 5.8% |
| EBIT margin % | 5.3% | 5.7% |
| PAT margin % | 3.4% | 3.8% |
| Working capital | ||
| Receivable days | 7 | 18 |
| Inventory days | 41 | 61 |
| Payable days | — | 14 |
| NWC days | — | 64 |
| Leverage | ||
| Current ratio | 1.58 | 1.84 |
| Debt to EBITDA | 2.4 | 2.34 |
| Debt to equity | 1.15 | 0.81 |
| Interest coverage | 4.6 | 6.1 |
| Asset turnover | 3.61 | 2.78 |
| Return ratios | ||
| Return on assets % | 12.4% | 10.4% |
| Return on capital employed % | 50.8% | 48.2% |
| Return on equity % | 29.8% | 22.5% |
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.