Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 33.1% | 25.2% | 30.6% |
| EBITDA margin % | 16.1% | 14.4% | 19.1% |
| EBIT margin % | 10.4% | 9.8% | 15.7% |
| PAT margin % | 2.7% | 4.1% | 9.8% |
| Working capital | |||
| Receivable days | 177 | 131 | 92 |
| Inventory days | 87 | 61 | 89 |
| Payable days | 144 | 118 | 168 |
| NWC days | 120 | 75 | 13 |
| Leverage | |||
| Current ratio | 1.4 | 1.53 | 1.77 |
| Debt to EBITDA | 2.06 | 0.47 | 0.11 |
| Debt to equity | 1.76 | 0.18 | 0.03 |
| Interest coverage | 1.7 | 2.4 | 5.1 |
| Asset turnover | 0.94 | 1.2 | 0.85 |
| Return ratios | |||
| Return on assets % | 2.6% | 4.9% | 8.3% |
| Return on capital employed % | 22.7% | 28.1% | 31.3% |
| Return on equity % | 14.5% | 11.1% | 14.8% |
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.