Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 35.3% | 43.8% | 46.8% |
| EBITDA margin % | 8.8% | 6.1% | 0.4% |
| EBIT margin % |
| 8.1% |
| 5% |
| -3.8% |
| PAT margin % | 6.3% | 2.3% | -5% |
| Working capital | |||
| Receivable days | 97 | 66 | 108 |
| Inventory days | 4 | 4 | 12 |
| Payable days | 8 | 13 | 58 |
| NWC days | 92 | 57 | 62 |
| Leverage | |||
| Current ratio | 6.4 | 8.73 | 1.48 |
| Debt to EBITDA | 0.03 | 0.06 | 22.51 |
| Debt to equity | 0 | 0 | 0.33 |
| Interest coverage | — | 18.1 | -2.3 |
| Asset turnover | 1.19 | 1.05 | 1.45 |
| Return ratios | |||
| Return on assets % | 7.5% | 2.4% | -7.3% |
| Return on capital employed % | 12.1% | 8.8% | -8.9% |
| Return on equity % | 8.6% | 2.7% | -16.8% |
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.