Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 36.2% | 37.3% | 39.6% | 43.8% |
| EBITDA margin % | 5.8% | 3.7% | ||
| 4.5% |
| 7.8% |
| EBIT margin % | 4% | 1.9% | 3.2% | 6.8% |
| PAT margin % | 4.8% | 2% | 3.4% | 6.9% |
| Working capital | ||||
| Receivable days | 115 | 161 | 146 | 157 |
| Inventory days | 148 | 140 | 140 | 133 |
| Payable days | 103 | 108 | 109 | 122 |
| NWC days | 160 | 194 | 177 | 168 |
| Leverage | ||||
| Current ratio | 3 | 2.56 | 3.08 | 2.39 |
| Debt to EBITDA | 0 | 2.36 | 0.02 | 0.69 |
| Debt to equity | 0 | 0.12 | 0 | 0.02 |
| Interest coverage | 135.8 | 14.6 | 12.2 | 164 |
| Asset turnover | 1.11 | 0.96 | 0.68 | 0.4 |
| Return ratios | ||||
| Return on assets % | 5.3% | 2% | 2.3% | 2.7% |
| Return on capital employed % | 8.5% | 4.8% | 5.8% | 6.8% |
| Return on equity % | 7% | 2.8% | 2.7% | 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.