Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 33.3% | — | — |
| EBITDA margin % | -2.7% | 3.9% | -3.7% |
| EBIT margin % | -3.5% | 3.1% | -4.9% |
| PAT margin % | 8.5% | 15.9% | 11.7% |
| Working capital | |||
| Receivable days | 31 | 23 | 27 |
| Inventory days | 51 | 41 | 45 |
| Payable days | 39 | 37 | 24 |
| NWC days | 43 | 26 | 48 |
| Leverage | |||
| Current ratio | 4.75 | 3.99 | 4.68 |
| Debt to EBITDA | — | 0 | — |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | 190.3 | 122.8 | 83.8 |
| Asset turnover | 0.19 | 0.16 | 0.15 |
| Return ratios | |||
| Return on assets % | 1.6% | 2.5% | 1.7% |
| Return on capital employed % | 2.3% | 3.6% | 2.8% |
| Return on equity % | 1.8% | 2.9% | 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.