Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 32.1% | 31.2% | 32.7% |
| EBITDA margin % | 6.3% | 4.8% | 5.8% |
| EBIT margin % | 0.1% | -0.9% | -0.4% |
| PAT margin % | -7.3% | -8.3% | -6.6% |
| Working capital | |||
| Receivable days | 80 | 56 | 53 |
| Inventory days | 81 | 82 | 87 |
| Payable days | 70 | 57 | 69 |
| NWC days | 91 | 82 | 71 |
| Leverage | |||
| Current ratio | 0.99 | 0.79 | 1.03 |
| Debt to EBITDA | 17.59 | 19.04 | 14.99 |
| Debt to equity | 1.58 | 1.58 | 1.55 |
| Interest coverage | 0.2 | 0.1 | 0.3 |
| Asset turnover | 0.5 | 0.6 | 0.6 |
| Return ratios | |||
| Return on assets % | -3.6% | -5% | -4% |
| Return on capital employed % | 1.8% | 0.9% | 2.7% |
| Return on equity % | -10.6% | -14.4% | -11.6% |
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.