Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 35.8% | 37.4% | 36.2% |
| EBITDA margin % | 1.1% | 3% | 3.1% |
| EBIT margin % | -4.6% | -2.3% | -1.7% |
| PAT margin % | -5% | -3.5% | -2.4% |
| Working capital | |||
| Receivable days | 12 | 13 | 16 |
| Inventory days | 143 | 162 | 133 |
| Payable days | 80 | 71 | 68 |
| NWC days | 76 | 105 | 81 |
| Leverage | |||
| Current ratio | 1.95 | 2.19 | 2.14 |
| Debt to EBITDA | 6.56 | 2.41 | 2.27 |
| Debt to equity | 0.15 | 0.12 | 0.12 |
| Interest coverage | -1.8 | -0.2 | 0.3 |
| Asset turnover | 0.86 | 0.86 | 0.95 |
| Return ratios | |||
| Return on assets % | -4.3% | -3% | -2.3% |
| Return on capital employed % | -3.5% | -0.4% | 0.6% |
| Return on equity % | -10.1% | -5.6% | -4.2% |
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.