Standalone figures
| Ratio | Mar 2023 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 34.7% | 44.9% | 47.5% |
| EBITDA margin % | 2.9% | 12.8% | 12.7% |
| EBIT margin % | -0.6% | 10.6% | 9.5% |
| PAT margin % | -2.7% | 3.8% | 4.1% |
| Working capital | |||
| Receivable days | 45 | 48 | 56 |
| Inventory days | 142 | 161 | 127 |
| Payable days | 37 | 74 | 41 |
| NWC days | 150 | 134 | 141 |
| Leverage | |||
| Current ratio | 1.23 | 1.05 | 1.14 |
| Debt to EBITDA | 13.6 | 2.94 | 3.06 |
| Debt to equity | 0.99 | 0.77 | 0.75 |
| Interest coverage | 0 | 3.4 | 2.3 |
| Asset turnover | 1.08 | 0.95 | 0.98 |
| Return ratios | |||
| Return on assets % | -2.9% | 3.6% | 3.9% |
| Return on capital employed % | 0.3% | 17.6% | 15.2% |
| Return on equity % | -6.8% | 7.7% | 7.8% |
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.