Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 11.9% | 11.5% | 10.4% |
| EBITDA margin % | 6.6% | 5.3% | 3.6% |
| EBIT margin % |
| 6.2% |
| 4.9% |
| 3% |
| PAT margin % | 5.1% | 5.1% | 2.5% |
| Working capital | |||
| Receivable days | 316 | 308 | 815 |
| Inventory days | 35 | 58 | 104 |
| Payable days | 171 | 154 | 567 |
| NWC days | 180 | 211 | 353 |
| Leverage | |||
| Current ratio | 2.33 | 2.38 | 1.77 |
| Debt to EBITDA | 4.44 | 5.02 | 12.72 |
| Debt to equity | 0.02 | 0.02 | 0.02 |
| Interest coverage | 8.5 | 6.8 | 13.2 |
| Asset turnover | 0.07 | 0.08 | 0.05 |
| Return ratios | |||
| Return on assets % | 0.4% | 0.4% | 0.1% |
| Return on capital employed % | 0.6% | 0.6% | 0.2% |
| Return on equity % | 0.4% | 0.4% | 0.1% |
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.