Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 53.3% | 48.6% | 52% | 57.5% | 56.7% |
| EBITDA margin % | |||||
| 14.2% |
| 2.8% |
| 14.1% |
| 19.7% |
| 13.4% |
| EBIT margin % | 9.3% | -2.7% | 9.4% | 15.5% | 8.1% |
| PAT margin % | 11% | 2% | 8.9% | 13.1% | 14.6% |
| Working capital | |||||
| Receivable days | 108 | 96 | 111 | 115 | 107 |
| Inventory days | 125 | 169 | 200 | 196 | 330 |
| Payable days | 151 | 157 | 192 | 193 | 355 |
| NWC days | 82 | 108 | 119 | 118 | 83 |
| Leverage | |||||
| Current ratio | 1.33 | 1.2 | 1.48 | 1.53 | 1.59 |
| Debt to EBITDA | 2.43 | 16.68 | 1.86 | 1.17 | 1.11 |
| Debt to equity | 0.23 | 0.31 | 0.17 | 0.16 | 0.09 |
| Interest coverage | 9.3 | 2.1 | 5.7 | 9 | 13.1 |
| Asset turnover | 0.45 | 0.43 | 0.46 | 0.51 | 0.41 |
| Return ratios | |||||
| Return on assets % | 5% | 0.9% | 4.1% | 6.7% | 6% |
| Return on capital employed % | 9.2% | 4.1% | 9.2% | 13.3% | 12.3% |
| Return on equity % | 7.2% | 1.3% | 5.8% | 9.3% | 8.6% |
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.