Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 93.4% | 92.3% |
| EBITDA margin % | 2.3% | 2.3% |
| EBIT margin % | 0.9% | 0.9% |
| PAT margin % | -5.1% | -0.7% |
| Working capital | ||
| Receivable days | 81 | 95 |
| Inventory days | 12 | 10 |
| Payable days | 105 | 177 |
| NWC days | -11 | -73 |
| Leverage | ||
| Current ratio | 1.47 | 1.33 |
| Debt to EBITDA | 0.97 | 1.02 |
| Debt to equity | 0.11 | 0.12 |
| Interest coverage | 1 | 1.4 |
| Asset turnover | 2.24 | 2 |
| Return ratios | ||
| Return on assets % | -11.5% | -1.4% |
| Return on capital employed % | 3.8% | 4.9% |
| Return on equity % | -25.8% | -3.4% |
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.