Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 46.3% | 42% | 51.5% | 58.3% |
| EBITDA margin % | 7.7% | 18.3% | 12.3% | 7.6% |
| EBIT margin % | -0.3% | 15% | 7.7% | -0% |
| PAT margin % | -0.8% | 12% | 6.3% | 2.3% |
| Working capital | ||||
| Receivable days | 52 | 46 | 32 | 37 |
| Inventory days | 341 | 113 | 162 | 425 |
| Payable days | 38 | 16 | 20 | 42 |
| NWC days | 354 | 143 | 174 | 420 |
| Leverage | ||||
| Current ratio | 3.16 | 5.54 | 6.26 | 6.59 |
| Debt to EBITDA | 0.84 | 0.01 | 0 | 0 |
| Debt to equity | 0.04 | 0 | 0 | 0 |
| Interest coverage | 1 | 178.2 | 34.2 | 24.5 |
| Asset turnover | 0.58 | 1.11 | 0.82 | 0.5 |
| Return ratios | ||||
| Return on assets % | -0.5% | 13.3% | 5.2% | 1.1% |
| Return on capital employed % | 0.5% | 21.3% | 8.2% | 1.7% |
| Return on equity % | -0.5% | 15.1% | 5.8% | 1.3% |
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.