Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 48.2% | 34.9% |
| EBITDA margin % | 16.2% | 16.6% |
| EBIT margin % | 12.7% | 11.7% |
| PAT margin % | 7.7% | 4.7% |
| Working capital | ||
| Receivable days | 65 | 87 |
| Inventory days | 75 | 172 |
| Payable days | — | 89 |
| NWC days | — | 170 |
| Leverage | ||
| Current ratio | 1.03 | 1.33 |
| Debt to EBITDA | 4.96 | 5.58 |
| Debt to equity | 2 | 1.04 |
| Interest coverage | 2.1 | 1.7 |
| Asset turnover | 0.64 | 0.47 |
| Return ratios | ||
| Return on assets % | 4.9% | 2.2% |
| Return on capital employed % | 15.5% | 11.8% |
| Return on equity % | 19.1% | 5.3% |
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.