Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 27.1% | 15.7% | 19.9% |
| EBITDA margin % | 12.4% | 6% | 11.7% |
| EBIT margin % |
| 6.7% |
| 4.2% |
| 10.1% |
| PAT margin % | 5% | 3.1% | 8.3% |
| Working capital | |||
| Receivable days | 62 | 57 | 89 |
| Inventory days | 175 | 80 | 88 |
| Payable days | 1 | 77 | 84 |
| NWC days | 236 | 60 | 93 |
| Leverage | |||
| Current ratio | — | 1.1 | 2.04 |
| Debt to EBITDA | 10.6 | 6.89 | 11.31 |
| Debt to equity | -0.47 | -0.52 | -4.19 |
| Interest coverage | 3.6 | 3.7 | 5.2 |
| Asset turnover | 0.23 | 0.62 | 0.79 |
| Return ratios | |||
| Return on assets % | 1.1% | 1.9% | 6.6% |
| Return on capital employed % | 1.7% | 3.4% | 12.4% |
| Return on equity % | -1.7% | -3.9% | -26.2% |
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.