Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 3.5% | 3.4% | 2.9% |
| EBITDA margin % | 1.4% | 1.1% | 1% |
| EBIT margin % | 1% | 0.8% | 0.8% |
| PAT margin % | 0.5% | 0.4% | 0.4% |
| Working capital | |||
| Receivable days | 47 | 22 | 28 |
| Inventory days | 26 | 8 | 7 |
| Payable days | 20 | 5 | 11 |
| NWC days | 53 | 25 | 24 |
| Leverage | |||
| Current ratio | 2.14 | 2.39 | 2.5 |
| Debt to EBITDA | 4.91 | 4.48 | 5.93 |
| Debt to equity | 0.38 | 0.38 | 0.38 |
| Interest coverage | 3.3 | 2.8 | 2.2 |
| Asset turnover | 3.25 | 4.85 | 3.97 |
| Return ratios | |||
| Return on assets % | 1.8% | 2.1% | 1.6% |
| Return on capital employed % | 5.5% | 6.7% | 6.6% |
| Return on equity % | 3% | 3.3% | 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.