Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 9% | 12% |
| EBITDA margin % | 4.4% | 5.7% |
| EBIT margin % | 3.9% | 5.1% |
| PAT margin % | 2.8% | 3.8% |
| Working capital | ||
| Receivable days | 3 | 2 |
| Inventory days | 105 | 141 |
| Payable days | 13 | 22 |
| NWC days | 94 | 121 |
| Leverage | ||
| Current ratio | 1.81 | 1.53 |
| Debt to EBITDA | 2.39 | 2.57 |
| Debt to equity | 0.51 | 0.79 |
| Interest coverage | 8 | 7.1 |
| Asset turnover | 2.44 | 2.16 |
| Return ratios | ||
| Return on assets % | 6.9% | 8.1% |
| Return on capital employed % | 19.9% | 33.7% |
| Return on equity % | 13.7% | 20.3% |
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.