Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 91.7% | 91.7% | 93.3% |
| EBITDA margin % | 47.1% | 46.7% | 50.1% |
| EBIT margin % | 39.3% | 39.3% | 43.1% |
| PAT margin % | -4% | 9.1% | 63% |
| Working capital | |||
| Receivable days | 10 | 13 | 14 |
| Inventory days | 131 | 88 | 109 |
| Payable days | 370 | 277 | 344 |
| NWC days | -228 | -176 | -221 |
| Leverage | |||
| Current ratio | 0.31 | 2.26 | 1.46 |
| Debt to EBITDA | 11.04 | 7.86 | 0.63 |
| Debt to equity | -67.28 | 0.22 | 0.02 |
| Interest coverage | 0.9 | 1.3 | 6.9 |
| Asset turnover | 0.17 | 0.05 | 0.05 |
| Return ratios | |||
| Return on assets % | -0.7% | 0.4% | 2.9% |
| Return on capital employed % | 9.9% | 5.2% | 4.6% |
| Return on equity % | 51.6% | 0.5% | 3.1% |
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.