Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 23.4% | 18.8% | 18.9% | 28.3% |
| EBITDA margin % | 11.3% | 12.6% | 11.8% | 9.4% |
| EBIT margin % | 7.9% | 10.4% | 8.3% | 3.2% |
| PAT margin % | 1.5% | 6.6% | 5.4% | 0% |
| Working capital | ||||
| Receivable days | 123 | 54 | 109 | 178 |
| Inventory days | 42 | 36 | 11 | 43 |
| Payable days | 16 | 37 | 76 | 129 |
| NWC days | 149 | 53 | 43 | 92 |
| Leverage | ||||
| Current ratio | 2.32 | 2.16 | 1.54 | 1.48 |
| Debt to EBITDA | 3.31 | 1.78 | 1.23 | 2.39 |
| Debt to equity | 0.53 | 0.39 | 0.32 | 0.31 |
| Interest coverage | 2.9 | 4.7 | 6.2 | 1.3 |
| Asset turnover | 0.69 | 0.89 | 1.15 | 0.73 |
| Return ratios | ||||
| Return on assets % | 1% | 5.9% | 6.2% | 0% |
| Return on capital employed % | 7.9% | 17.6% | 16.9% | 5.3% |
| Return on equity % | 2.1% | 11.5% | 11.8% | 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.