Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 3.4% | 4.7% | 7.9% | 5.6% |
| EBITDA margin % | 1% | 1.4% | ||
| 4% |
| 2.8% |
| EBIT margin % | 0.9% | 1% | 2.7% | 1.6% |
| PAT margin % | 0.8% | 2.6% | 3.2% | 1.3% |
| Working capital | ||||
| Receivable days | 102 | 120 | 149 | 109 |
| Inventory days | 14 | 19 | 27 | 8 |
| Payable days | 15 | 24 | 26 | 33 |
| NWC days | 102 | 115 | 150 | 84 |
| Leverage | ||||
| Current ratio | 12.35 | 7.11 | 5.61 | 3.14 |
| Debt to EBITDA | 0 | 0.86 | 1.47 | 0.83 |
| Debt to equity | 0 | 0.02 | 0.07 | 0.03 |
| Interest coverage | 4.3 | 17.5 | 11.3 | 11.6 |
| Asset turnover | 1.89 | 1.78 | 1.07 | 1.26 |
| Return ratios | ||||
| Return on assets % | 1.6% | 4.5% | 3.4% | 1.6% |
| Return on capital employed % | 1.8% | 2.2% | 4.2% | 2.4% |
| Return on equity % | 1.7% | 5.3% | 4% | 1.9% |
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.