Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 87.1% | 84.4% |
| EBITDA margin % | 6.7% | 12.1% |
| EBIT margin % | 1.4% | 6.5% |
| PAT margin % | 1.4% | 4.5% |
| Working capital | ||
| Receivable days | 40 | 28 |
| Inventory days | 541 | 382 |
| Payable days | 194 | 197 |
| NWC days | 386 | 213 |
| Leverage | ||
| Current ratio | 1.17 | 0.83 |
| Debt to EBITDA | 20.19 | 9.82 |
| Debt to equity | 0.99 | 1 |
| Interest coverage | 1.8 | 1.8 |
| Asset turnover | 0.32 | 0.37 |
| Return ratios | ||
| Return on assets % | 0.5% | 1.7% |
| Return on capital employed % | 1.8% | 3.6% |
| Return on equity % | 1% | 3.8% |
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.