Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25.4% | 26.3% | 20% |
| EBITDA margin % | 17.5% | 17.1% | 10.4% |
| EBIT margin % | 16.1% | 16% | 8.9% |
| PAT margin % | 8.7% | 11.6% | 6.8% |
| Working capital | |||
| Receivable days | 79 | 117 | 170 |
| Inventory days | 211 | 224 | 236 |
| Payable days | 62 | 25 | 8 |
| NWC days | 227 | 317 | 398 |
| Leverage | |||
| Current ratio | 1.36 | 11.65 | 15.38 |
| Debt to EBITDA | 2.25 | 0.03 | 0.15 |
| Debt to equity | 0.7 | 0 | 0.01 |
| Interest coverage | 3.3 | 8.4 | 21.1 |
| Asset turnover | 0.89 | 0.57 | 0.68 |
| Return ratios | |||
| Return on assets % | 7.7% | 6.7% | 4.6% |
| Return on capital employed % | 28% | 15.8% | 7.1% |
| Return on equity % | 15.5% | 7.1% | 4.9% |
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.