Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 12.2% | 11% | 11.4% |
| EBITDA margin % | 4.6% | 3.9% | 3.7% |
| EBIT margin % | 2.9% | 2.5% | 2.4% |
| PAT margin % | 1.3% | 2% | 1.6% |
| Working capital | |||
| Receivable days | 1 | 24 | 27 |
| Inventory days | 27 | 27 | 31 |
| Payable days | — | 6 | 9 |
| NWC days | — | 44 | 48 |
| Leverage | |||
| Current ratio | — | 1.68 | 2.14 |
| Debt to EBITDA | 4.97 | 3.98 | 3.72 |
| Debt to equity | 1.27 | 0.64 | 0.55 |
| Interest coverage | 1.7 | 2.3 | 2.4 |
| Asset turnover | 2.12 | 2.24 | 2.21 |
| Return ratios | |||
| Return on assets % | 2.7% | 4.5% | 3.5% |
| Return on capital employed % | 10% | 12.6% | 12.4% |
| Return on equity % | 7% | 8.3% | 6.3% |
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.