Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 29.2% | 19.7% | 41.5% | 80.2% |
| EBITDA margin % | 17.8% | 13.1% | 34.2% | 13.3% |
| EBIT margin % | 9.7% | 9.5% | 25.5% | 10.8% |
| PAT margin % | 8.7% | 9.8% | 20.6% | 20.4% |
| Working capital | ||||
| Receivable days | 9 | 32 | 2 | 2 |
| Inventory days | 2,126 | 652 | 1,678 | 1,522 |
| Payable days | 59 | 29 | 35 | 17 |
| NWC days | 2,076 | 655 | 1,645 | 1,507 |
| Leverage | ||||
| Current ratio | 1.46 | 1.23 | 1.26 | 1.49 |
| Debt to EBITDA | 14.58 | 9.18 | 5.76 | 5.22 |
| Debt to equity | 0.49 | 0.5 | 0.54 | 0.43 |
| Interest coverage | 8.2 | 2.5 | 3.5 | 12 |
| Asset turnover | 0.09 | 0.21 | 0.12 | 0.34 |
| Return ratios | ||||
| Return on assets % | 0.8% | 2% | 2.5% | 6.9% |
| Return on capital employed % | 2.1% | 7.2% | 9.6% | 18.3% |
| Return on equity % | 1.7% | 4.1% | 5.6% | 12.7% |
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.