Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 7% | 9.6% | 1.3% |
| EBITDA margin % | 9.9% | -1.9% | 2% | 0.6% |
| EBIT margin % | 9.4% | -2.2% | 1.8% | 0.5% |
| PAT margin % | 9.2% | 2.3% | 4.7% | 0.6% |
| Working capital | ||||
| Receivable days | 37 | 64 | 90 | 9 |
| Inventory days | 44 | 48 | 57 | 6 |
| Payable days | 8 | 82 | 68 | 2 |
| NWC days | 73 | 30 | 79 | 14 |
| Leverage | ||||
| Current ratio | 1.05 | 2.32 | 3.52 | 3.76 |
| Debt to EBITDA | 2.27 | — | 3.78 | 1.59 |
| Debt to equity | 0.86 | 0.41 | 0.08 | 0.06 |
| Interest coverage | 9.5 | 2.7 | 10.4 | 7 |
| Asset turnover | 1.11 | 0.65 | 0.71 | 4.87 |
| Return ratios | ||||
| Return on assets % | 10.2% | 1.5% | 3.3% | 2.9% |
| Return on capital employed % | 32.7% | 7% | 9% | 5.3% |
| Return on equity % | 35.3% | 3.1% | 4.7% | 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.