Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 63.3% | 63.1% | 85.1% |
| EBITDA margin % | 31% | 20.2% | 7.9% |
| EBIT margin % | 24.6% | 13.4% | -2.1% |
| PAT margin % | 27.8% | 8.2% | -7.7% |
| Working capital | |||
| Receivable days | 162 | 140 | 142 |
| Inventory days | 1,419 | 3,608 | 17,131 |
| Payable days | 376 | 491 | 1,516 |
| NWC days | 1,205 | 3,257 | 15,758 |
| Leverage | |||
| Current ratio | 2.72 | 2.45 | 3.03 |
| Debt to EBITDA | 32.75 | 48.02 | 129.23 |
| Debt to equity | 2.68 | 1.06 | 0.52 |
| Interest coverage | 1.6 | 1.2 | 0.9 |
| Asset turnover | 0.06 | 0.04 | 0.03 |
| Return ratios | |||
| Return on assets % | 1.8% | 0.4% | -0.2% |
| Return on capital employed % | 9.8% | 7.2% | 3.1% |
| Return on equity % | 7.3% | 0.9% | -0.4% |
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.