Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 4.9% | 8.6% | -2.9% |
| EBITDA margin % | 0.6% | 0.6% | -9.9% |
| EBIT margin % | 0.4% | 0.2% | -10.4% |
| PAT margin % | 0.2% | 0.3% | -2.7% |
| Working capital | |||
| Receivable days | 218 | 287 | — |
| Inventory days | 24 | 27 | 18 |
| Payable days | 179 | 253 | — |
| NWC days | 63 | 60 | — |
| Leverage | |||
| Current ratio | 1.51 | 1.46 | 1.28 |
| Debt to EBITDA | 10.58 | 16.27 | — |
| Debt to equity | 0.31 | 0.43 | — |
| Interest coverage | 2.2 | 2.5 | -4.7 |
| Asset turnover | 1.37 | 1.02 | 0.94 |
| Return ratios | |||
| Return on assets % | 0.3% | 0.3% | -2.5% |
| Return on capital employed % | 1.6% | 5.6% | -10.8% |
| Return on equity % | 1% | 1.4% | — |
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.