Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 14.4% | 5.2% | 32.3% |
| EBITDA margin % | -1.9% | -15.7% | 13% |
| EBIT margin % |
| -3.8% |
| -19.7% |
| 7.2% |
| PAT margin % | 2.7% | -16.3% | 8.7% |
| Working capital | |||
| Receivable days | 67 | 45 | 51 |
| Inventory days | 100 | 78 | 186 |
| Payable days | 34 | 16 | 55 |
| NWC days | 132 | 107 | 182 |
| Leverage | |||
| Current ratio | 1.2 | 1.97 | 2.79 |
| Debt to EBITDA | — | — | 3.01 |
| Debt to equity | 2.17 | 0.36 | 0.28 |
| Interest coverage | 2.1 | -2.5 | 3.8 |
| Asset turnover | 0.8 | 0.74 | 0.5 |
| Return ratios | |||
| Return on assets % | 2.2% | -12.1% | 4.4% |
| Return on capital employed % | 12% | -16.6% | 10.4% |
| Return on equity % | 7.9% | -18.6% | 6.1% |
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.