Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 11% | 20.8% | 19.9% |
| EBITDA margin % | -6.7% | 2.6% | 3.6% |
| EBIT margin % | -8.3% | 0.9% | 2.2% |
| PAT margin % | -5.6% | 1.1% | 2.3% |
| Working capital | |||
| Receivable days | 118 | 128 | 68 |
| Inventory days | 2,264 | 2,655 | 1,812 |
| Payable days | 90 | 141 | 91 |
| NWC days | 2,292 | 2,642 | 1,789 |
| Leverage | |||
| Current ratio | 1.46 | 1.49 | 1.53 |
| Debt to EBITDA | — | 175.35 | 75.07 |
| Debt to equity | 10.48 | 4.1 | 2.23 |
| Interest coverage | -1.5 | 2.5 | 2.5 |
| Asset turnover | 0.14 | 0.14 | 0.19 |
| Return ratios | |||
| Return on assets % | -0.8% | 0.2% | 0.5% |
| Return on capital employed % | -1% | 2.3% | 2.6% |
| Return on equity % | -10.6% | 1% | 1.9% |
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.