Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25% | 16.4% | 15.2% |
| EBITDA margin % | 9.4% | 8.1% | 4.8% |
| EBIT margin % | 8.8% | 7.4% | 3.3% |
| PAT margin % | 6.9% | 6% | 0.3% |
| Working capital | |||
| Receivable days | 95 | 126 | 105 |
| Inventory days | 11 | 7 | 8 |
| Payable days | 74 | 77 | 59 |
| NWC days | 33 | 56 | 54 |
| Leverage | |||
| Current ratio | 2.24 | 2.5 | 2.01 |
| Debt to EBITDA | 0.2 | 0.02 | 1.41 |
| Debt to equity | 0.06 | 0 | 0.18 |
| Interest coverage | 27.8 | 56.8 | 6.6 |
| Asset turnover | 1.94 | 1.6 | 1.53 |
| Return ratios | |||
| Return on assets % | 13.3% | 9.6% | 0.5% |
| Return on capital employed % | 30.6% | 26.4% | 9.9% |
| Return on equity % | 23.6% | 15.3% | 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.