Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 54.2% | 55.1% | 53.9% |
| EBITDA margin % | 14.4% | 7.8% | 10.2% |
| EBIT margin % | 10.7% | 2.3% | 4.5% |
| PAT margin % | 50.4% | -0.2% | 1% |
| Working capital | |||
| Receivable days | 58 | 51 | 51 |
| Inventory days | 212 | 237 | 215 |
| Payable days | 167 | 196 | 181 |
| NWC days | 104 | 92 | 85 |
| Leverage | |||
| Current ratio | 1.72 | 1.57 | 1.5 |
| Debt to EBITDA | 0.87 | 5.32 | 1.53 |
| Debt to equity | 0.07 | 0.21 | 0.09 |
| Interest coverage | 4.1 | 1.3 | 2 |
| Asset turnover | 0.41 | 0.36 | 0.41 |
| Return ratios | |||
| Return on assets % | 20.5% | -0.1% | 0.4% |
| Return on capital employed % | 6.7% | 2.3% | 3.7% |
| Return on equity % | 26.6% | -0.1% | 0.5% |
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.