Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 53.4% | 51.9% | 45.7% |
| EBITDA margin % | 15.3% | 13.6% | 7.9% |
| EBIT margin % |
| 9.7% |
| 8.7% |
| 3% |
| PAT margin % | 5.1% | 4.3% | 3.4% |
| Working capital | |||
| Receivable days | 119 | 112 | 123 |
| Inventory days | 339 | 423 | 391 |
| Payable days | 70 | 43 | 27 |
| NWC days | 388 | 492 | 488 |
| Leverage | |||
| Current ratio | 1.47 | 1.65 | 1.67 |
| Debt to EBITDA | 3.77 | 4.55 | 7.74 |
| Debt to equity | 0.95 | 0.55 | 0.46 |
| Interest coverage | 2.1 | 2.3 | 2.4 |
| Asset turnover | 0.76 | 0.54 | 0.49 |
| Return ratios | |||
| Return on assets % | 3.8% | 2.3% | 1.7% |
| Return on capital employed % | 15.9% | 11.4% | 5.9% |
| Return on equity % | 8.3% | 3.9% | 2.6% |
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.