Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 10.6% | 4% | 5.3% | 5.3% |
| EBITDA margin % | 7.2% | 2.2% | 2.9% | 3.3% |
| EBIT margin % | 7.1% | 2.2% | 2.9% | 3.2% |
| PAT margin % | 9.5% | 5.8% | 5.2% | 6% |
| Working capital | ||||
| Receivable days | 43 | 20 | 95 | 92 |
| Inventory days | 72 | 20 | 9 | 7 |
| Payable days | 4 | 1 | 0 | 0 |
| NWC days | 111 | 39 | 104 | 99 |
| Leverage | ||||
| Current ratio | 20.14 | 5.38 | 25.29 | 13.2 |
| Debt to EBITDA | 0.04 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 |
| Interest coverage | 43.9 | 35.8 | 123.2 | 56 |
| Asset turnover | 1.34 | 1.89 | 1.2 | 1.07 |
| Return ratios | ||||
| Return on assets % | 12.7% | 11.1% | 6.3% | 6.4% |
| Return on capital employed % | 19.1% | 12.6% | 10% | 9.7% |
| Return on equity % | 13.3% | 12.3% | 6.4% | 6.7% |
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.