Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 7.6% | 10.4% |
| EBITDA margin % | 1.8% | 3.4% |
| EBIT margin % | 1.5% | 3% |
| PAT margin % | 1.1% | 3.1% |
| Working capital | ||
| Receivable days | — | 85 |
| Inventory days | 9 | 9 |
| Payable days | — | 14 |
| NWC days | — | 80 |
| Leverage | ||
| Current ratio | 1.97 | 2.01 |
| Debt to EBITDA | — | 6.89 |
| Debt to equity | — | 0.61 |
| Interest coverage | 1.8 | 3.1 |
| Asset turnover | 2 | 1.42 |
| Return ratios | ||
| Return on assets % | 2.2% | 4.4% |
| Return on capital employed % | 12.6% | 16.1% |
| Return on equity % | — | 8% |
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.