Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 46.1% | 37.5% |
| EBITDA margin % | 13.3% | 12.7% |
| EBIT margin % | 9.3% | 9.9% |
| PAT margin % | 2.9% | 4.3% |
| Working capital | ||
| Receivable days | 103 | 88 |
| Inventory days | 566 | 378 |
| Payable days | 59 | 54 |
| NWC days | 610 | 412 |
| Leverage | ||
| Current ratio | 1.07 | 1.07 |
| Debt to EBITDA | 6.95 | 6.63 |
| Debt to equity | 1.82 | 2.69 |
| Interest coverage | 1.7 | 2.2 |
| Asset turnover | 0.62 | 0.77 |
| Return ratios | ||
| Return on assets % | 1.8% | 3.3% |
| Return on capital employed % | 19.4% | 35.6% |
| Return on equity % | 5.6% | 13.6% |
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.