Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 11.6% | 9.4% | 10.4% | 10.4% | 7.2% |
| EBITDA margin % | 4.5% | 3.3% | 7% | 5.1% | 3.5% |
| EBIT margin % | 4.3% | 3.1% | 6.9% | 5.1% | 3.4% |
| PAT margin % | 1.5% | 1.2% | 2.2% | 1.6% | 1.6% |
| Working capital | |||||
| Receivable days | 132 | 110 | 76 | 56 | 71 |
| Inventory days | 162 | 184 | 240 | 223 | 180 |
| Payable days | 53 | 33 | 79 | 73 | 71 |
| NWC days | 241 | 261 | 237 | 205 | 179 |
| Leverage | |||||
| Current ratio | 1.71 | 2.01 | 1.59 | 1.66 | 2.4 |
| Debt to EBITDA | 10.52 | 12.69 | 5.72 | 5.52 | 4.63 |
| Debt to equity | 1.05 | 0.79 | 0.76 | 0.68 | 0.28 |
| Interest coverage | 1.6 | 1.4 | 1.5 | 1.6 | 2.2 |
| Asset turnover | 0.93 | 0.96 | 0.74 | 1.04 | 1.04 |
| Return ratios | |||||
| Return on assets % | 1.4% | 1.2% | 1.6% | 1.7% | 1.6% |
| Return on capital employed % | 9.8% | 10.9% | 14.4% | 13.7% | 8.2% |
| Return on equity % | 3.3% | 2.4% | 4.1% | 3.8% | 2.7% |
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.