Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 32% | 30.9% | 30.4% |
| EBITDA margin % | 10.1% | 10.2% | 8% |
| EBIT margin % | 6.9% | 6.3% | 3.6% |
| PAT margin % | 2.8% | 2.7% | 1.2% |
| Working capital | |||
| Receivable days | 68 | 65 | 72 |
| Inventory days | 134 | 150 | 170 |
| Payable days | 66 | 36 | 50 |
| NWC days | 137 | 179 | 192 |
| Leverage | |||
| Current ratio | 1.02 | 3.21 | 1.43 |
| Debt to EBITDA | 3.89 | 0.97 | 4.37 |
| Debt to equity | 1.7 | 0.15 | 0.51 |
| Interest coverage | 2.1 | 2.2 | 2.4 |
| Asset turnover | 1.29 | 1.2 | 0.85 |
| Return ratios | |||
| Return on assets % | 3.6% | 3.2% | 1% |
| Return on capital employed % | 23.9% | 14.2% | 6.3% |
| Return on equity % | 11.9% | 4.2% | 1.8% |
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.