Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 21.2% | 19.1% | 17% |
| EBITDA margin % | 3.3% | -0.2% | -3.9% |
| EBIT margin % |
| 0.7% |
| -2.4% |
| -5.7% |
| PAT margin % | 2% | 2.1% | 1.8% |
| Working capital | |||
| Receivable days | 109 | 129 | 105 |
| Inventory days | 179 | 170 | 210 |
| Payable days | 141 | 125 | 102 |
| NWC days | 146 | 173 | 214 |
| Leverage | |||
| Current ratio | 1.63 | 1.77 | 2.24 |
| Debt to EBITDA | 7.72 | — | — |
| Debt to equity | 0.3 | 0.3 | 0.21 |
| Interest coverage | 2 | 2.4 | 2.3 |
| Asset turnover | 0.68 | 0.71 | 0.67 |
| Return ratios | |||
| Return on assets % | 1.3% | 1.5% | 1.2% |
| Return on capital employed % | 6.1% | 7% | 5.6% |
| Return on equity % | 2.3% | 2.6% | 1.9% |
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.