Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 7.1% | 10.8% |
| EBITDA margin % | 1.5% | 3.7% |
| EBIT margin % | 1.3% | 3.3% |
| PAT margin % | 1.2% | 3.2% |
| Working capital | ||
| Receivable days | — | 85 |
| Inventory days | 8 | 9 |
| Payable days | — | 14 |
| NWC days | — | 80 |
| Leverage | ||
| Current ratio | 1.98 | 1.97 |
| Debt to EBITDA | — | 6.86 |
| Debt to equity | — | 0.67 |
| Interest coverage | 2 | 3.1 |
| Asset turnover | 2.16 | 1.38 |
| Return ratios | ||
| Return on assets % | 2.6% | 4.5% |
| Return on capital employed % | 14.1% | 16.4% |
| Return on equity % | — | 8.6% |
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.