Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 72.5% | 74.5% |
| EBITDA margin % | 8.1% | 14% |
| EBIT margin % | 8.1% | 4.9% |
| PAT margin % | 6.3% | -1.3% |
| Working capital | ||
| Receivable days | 130 | 126 |
| Inventory days | 43 | 41 |
| Payable days | 150 | 192 |
| NWC days | 23 | -25 |
| Leverage | ||
| Current ratio | 2.14 | 4.27 |
| Debt to EBITDA | 2.79 | 0.13 |
| Debt to equity | 0.23 | 0.01 |
| Interest coverage | 4.2 | 0.9 |
| Asset turnover | 0.72 | 0.55 |
| Return ratios | ||
| Return on assets % | 4.5% | -0.7% |
| Return on capital employed % | 9.9% | 5.8% |
| Return on equity % | 6.4% | -0.8% |
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.