Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 23.8% | 15.3% | 19% | 23.2% |
| EBITDA margin % | 8.8% | 7.1% | 1.8% | 6.3% | 10.2% |
| EBIT margin % | 6.7% | 5.6% | 0% | 4.3% | 8.6% |
| PAT margin % | 4.7% | 4.8% | 1.1% | 3.5% | 6.7% |
| Working capital | |||||
| Receivable days | — | 74 | 140 | 185 | 133 |
| Inventory days | — | 147 | 158 | 95 | 100 |
| Payable days | — | 149 | 245 | 271 | 202 |
| NWC days | — | 72 | 53 | 10 | 31 |
| Leverage | |||||
| Current ratio | — | 1.17 | 1.03 | 1.13 | 1.67 |
| Debt to EBITDA | — | 3.13 | 15.22 | 3.69 | 0.56 |
| Debt to equity | — | 0.17 | 0.34 | 0.35 | 0.08 |
| Interest coverage | 15.2 | 7.2 | 1.9 | 3.1 | 10.2 |
| Asset turnover | — | 0.52 | 0.59 | 0.65 | 0.83 |
| Return ratios | |||||
| Return on assets % | — | 2.5% | 0.6% | 2.3% | 5.6% |
| Return on capital employed % | — | 6.5% | 3.4% | 9.2% | 18% |
| Return on equity % | — | 3.8% | 1.4% | 5.3% | 9.9% |
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.