Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 7.6% | 6.5% | 7.7% | 11.6% |
| EBITDA margin % | 3.9% | 2.7% | 3.4% | 4.3% |
| EBIT margin % | 3.7% | 2.3% | 3% | 3.8% |
| PAT margin % | 3.9% | 2% | 2.9% | 2.7% |
| Working capital | ||||
| Receivable days | 10 | 31 | 14 | 26 |
| Inventory days | 161 | 75 | 97 | 159 |
| Payable days | 0 | 0 | 1 | 1 |
| NWC days | 170 | 105 | 109 | 184 |
| Leverage | ||||
| Current ratio | 0.99 | 1.09 | 1.5 | 1.64 |
| Debt to EBITDA | 3.89 | 4.96 | 3.17 | 3.32 |
| Debt to equity | 0.44 | 0.32 | 0.24 | 0.34 |
| Interest coverage | 5.1 | 2.9 | 4.8 | 3.6 |
| Asset turnover | 1.18 | 1.4 | 1.4 | 1.31 |
| Return ratios | ||||
| Return on assets % | 4.6% | 2.7% | 4.1% | 3.5% |
| Return on capital employed % | 18.9% | 10.5% | 11.5% | 11.9% |
| Return on equity % | 11.2% | 4.7% | 6.4% | 6.2% |
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.