Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 48.3% | 47.9% | 52.4% |
| EBITDA margin % | — | 11.3% | 13.4% | 17.3% |
| EBIT margin % | — | 6.4% | 8% | 9.9% |
| PAT margin % | — | 4.8% | 12.2% | 30.9% |
| Working capital | ||||
| Receivable days | — | 97 | 50 | 70 |
| Inventory days | — | 169 | 99 | 147 |
| Payable days | — | 218 | 109 | 165 |
| NWC days | — | 48 | 40 | 51 |
| Leverage | ||||
| Current ratio | — | 0.76 | 0.78 | 1.04 |
| Debt to EBITDA | — | 6.46 | 3.74 | 2.76 |
| Debt to equity | — | 1.22 | 0.75 | 0.44 |
| Interest coverage | — | 3.9 | 2.5 | 2.4 |
| Asset turnover | — | 0.57 | 0.7 | 0.52 |
| Return ratios | ||||
| Return on assets % | — | 2.7% | 8.6% | 16.1% |
| Return on capital employed % | — | 8.8% | 10.5% | 8.2% |
| Return on equity % | — | 8.1% | 18.1% | 28.2% |
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.