Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 37% | 27.8% | — | — | — |
| EBITDA margin % | |||||
| 11.6% |
| 4.8% |
| -17% |
| 17.5% |
| -9.3% |
| EBIT margin % | 10.1% | 4.2% | -24.5% | 12.2% | -17.4% |
| PAT margin % | 8% | 4.6% | -30.1% | 7.7% | -22.9% |
| Working capital | |||||
| Receivable days | 5 | 97 | 110 | 121 | 291 |
| Inventory days | 151 | 153 | 209 | 233 | 252 |
| Payable days | — | — | — | — | — |
| NWC days | — | — | — | — | — |
| Leverage | |||||
| Current ratio | 4.19 | 9.15 | 2.8 | 2.82 | 2.55 |
| Debt to EBITDA | 0.13 | 4.86 | — | 0.85 | — |
| Debt to equity | 0.01 | 0.26 | 0.28 | 0.2 | 0.17 |
| Interest coverage | — | 4 | -4.3 | 3.2 | -3.2 |
| Asset turnover | 0.59 | 0.79 | 0.56 | 0.8 | 0.46 |
| Return ratios | |||||
| Return on assets % | 4.7% | 3.6% | -16.8% | 6.1% | -10.5% |
| Return on capital employed % | 7.7% | 5.7% | -15.7% | 13.9% | -10.5% |
| Return on equity % | 7.1% | 5.1% | -28.6% | 10.1% | -17.8% |
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.