Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 5.6% | 4.3% | 6.5% | 4.3% | 3.5% | 3% |
| EBITDA margin % | 0.9% | 0.8% | 2% | 2.1% | 1.9% | 1.9% |
| EBIT margin % | 0.7% | 0.5% | 1.8% | 1.9% | 1.8% | 1.8% |
| PAT margin % | 0.6% | 0.3% | 1% | 1.1% | 1% | 1.4% |
| Working capital | ||||||
| Receivable days | — | — | 48 | 30 | 42 | 51 |
| Inventory days | — | — | 22 | 24 | 19 | 20 |
| Payable days | — | — | 10 | 4 | 9 | 21 |
| NWC days | — | — | 60 | 50 | 52 | 50 |
| Leverage | ||||||
| Current ratio | — | — | 1.17 | 1.46 | 1.47 | 1.4 |
| Debt to EBITDA | — | — | 9.07 | 4.64 | 4.2 | 2.49 |
| Debt to equity | — | — | 2 | 1.19 | 0.87 | 0.59 |
| Interest coverage | 2.3 | 1.6 | 2.2 | 1.8 | 2.2 | 2.5 |
| Asset turnover | — | — | 3.2 | 4.53 | 4.24 | 4.25 |
| Return ratios | ||||||
| Return on assets % | — | — | 3.1% | 5.1% | 4.4% | 5.9% |
| Return on capital employed % | — | — | 19% | 27.6% | 30.6% | 28.2% |
| Return on equity % | — | — | 10.7% | 14.1% | 11.1% | 17.5% |
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.