Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | 53.5% | 56% |
| EBITDA margin % | 2.1% | 2.9% | 1% | 6.9% |
| EBIT margin % | -1.2% | 0.2% | -1.6% | 4.8% |
| PAT margin % | -0.2% | 0.9% | 5.2% | -0% |
| Working capital | ||||
| Receivable days | — | — | 44 | 51 |
| Inventory days | — | — | 28 | 60 |
| Payable days | — | — | 161 | 127 |
| NWC days | — | — | -89 | -16 |
| Leverage | ||||
| Current ratio | — | — | 1.22 | 0.87 |
| Debt to EBITDA | — | — | 30.28 | 8.29 |
| Debt to equity | — | — | 0.45 | 0.79 |
| Interest coverage | 1.2 | 2 | 0.1 | 3.3 |
| Asset turnover | — | — | 0.79 | 0.68 |
| Return ratios | ||||
| Return on assets % | — | — | 4.1% | -0% |
| Return on capital employed % | — | — | 0.2% | 8.5% |
| Return on equity % | — | — | 8.1% | -0% |
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.