Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 11.6% | 31% | 21.9% |
| EBITDA margin % | 8.6% | 25.6% | 15.8% |
| EBIT margin % |
| 8.5% |
| 25.3% |
| 15.6% |
| PAT margin % | 4.7% | 12.1% | 4.2% |
| Working capital | |||
| Receivable days | 64 | 119 | 93 |
| Inventory days | 107 | 559 | 615 |
| Payable days | 10 | 53 | 58 |
| NWC days | 161 | 625 | 650 |
| Leverage | |||
| Current ratio | 4.97 | 5.74 | 4.63 |
| Debt to EBITDA | 3.05 | 3.6 | 6.59 |
| Debt to equity | 1.16 | 1.25 | 1.53 |
| Interest coverage | 4.1 | 2.6 | 1.5 |
| Asset turnover | 1.87 | 0.55 | 0.53 |
| Return ratios | |||
| Return on assets % | 8.8% | 6.6% | 2.2% |
| Return on capital employed % | 19.7% | 20.1% | 11.1% |
| Return on equity % | 20.9% | 16.3% | 6.2% |
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.