Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 52% | 36.5% | 39.6% |
| EBITDA margin % | 42.6% | 28.3% | 30.2% |
| EBIT margin % | 42% | 27.4% | 29.2% |
| PAT margin % | 19.3% | 19% | 19% |
| Working capital | |||
| Receivable days | 85 | 34 | 94 |
| Inventory days | 925 | 490 | 605 |
| Payable days | 66 | 44 | 46 |
| NWC days | 943 | 481 | 653 |
| Leverage | |||
| Current ratio | 2.02 | 2.56 | 3.21 |
| Debt to EBITDA | 2.22 | 2.54 | 3.79 |
| Debt to equity | 0.67 | 0.4 | 0.47 |
| Interest coverage | 2.3 | 3.4 | 2.5 |
| Asset turnover | 0.32 | 0.31 | 0.23 |
| Return ratios | |||
| Return on assets % | 6.1% | 6% | 4.5% |
| Return on capital employed % | 22.9% | 19.1% | 13.9% |
| Return on equity % | 13.6% | 10.6% | 7.8% |
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.