Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 5.3% | 4.9% | 5.1% | 5.5% |
| EBITDA margin % | 2.7% | 2.6% | 2.2% | 2.9% |
| EBIT margin % | 2.5% | 2.5% | 2.1% | 2.7% |
| PAT margin % | 1.3% | 1.2% | 1.5% | 1.7% |
| Working capital | ||||
| Receivable days | 34 | 46 | 48 | 51 |
| Inventory days | 62 | 65 | 57 | 63 |
| Payable days | 39 | 53 | 44 | 51 |
| NWC days | 56 | 58 | 61 | 63 |
| Leverage | ||||
| Current ratio | 1.31 | 1.66 | 1.68 | 1.62 |
| Debt to EBITDA | 4.25 | 2.33 | 2.91 | 2.2 |
| Debt to equity | 1.55 | 0.43 | 0.5 | 0.48 |
| Interest coverage | 2.9 | 2.6 | 4.4 | 4.3 |
| Asset turnover | 3.36 | 2.88 | 3.19 | 2.98 |
| Return ratios | ||||
| Return on assets % | 4.5% | 3.6% | 4.9% | 5.1% |
| Return on capital employed % | 33.9% | 24.8% | 20.7% | 24.3% |
| Return on equity % | 17.9% | 8.7% | 11.8% | 13.2% |
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.