Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 4.7% | 5% |
| EBITDA margin % | 2.7% | 2.8% |
| EBIT margin % | 2.6% | 2.7% |
| PAT margin % | 1.8% | 1.4% |
| Working capital | ||
| Receivable days | — | 41 |
| Inventory days | 78 | 69 |
| Payable days | — | 1 |
| NWC days | — | 108 |
| Leverage | ||
| Current ratio | 2.43 | 2.45 |
| Debt to EBITDA | — | 6.28 |
| Debt to equity | — | 0.78 |
| Interest coverage | 2.7 | 2.2 |
| Asset turnover | 2.55 | 2.42 |
| Return ratios | ||
| Return on assets % | 4.5% | 3.4% |
| Return on capital employed % | 15.9% | 13.2% |
| Return on equity % | — | 6.2% |
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.