Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 8.4% | 25.9% | 28.2% |
| EBITDA margin % | 7.9% | 5.5% | 6.4% |
| EBIT margin % | 4.4% | 2.9% | 3.7% |
| PAT margin % | 0.7% | -1.3% | 0.2% |
| Working capital | |||
| Receivable days | 41 | 27 | 21 |
| Inventory days | 190 | 195 | 198 |
| Payable days | — | 140 | 146 |
| NWC days | — | 82 | 74 |
| Leverage | |||
| Current ratio | 0.97 | 1.16 | 1.13 |
| Debt to EBITDA | 4.9 | 4.72 | 4.17 |
| Debt to equity | 1.31 | 0.63 | 0.67 |
| Interest coverage | 1.2 | 1 | 1.7 |
| Asset turnover | 0.85 | 0.96 | 0.97 |
| Return ratios | |||
| Return on assets % | 0.6% | -1.2% | 0.2% |
| Return on capital employed % | 10% | 7.2% | 7.5% |
| Return on equity % | 2.5% | -3% | 0.4% |
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.