Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 46.4% | 45.5% |
| EBITDA margin % | 11.8% | 8.1% |
| EBIT margin % | 8.4% | 4.1% |
| PAT margin % | 5.3% | 0.7% |
| Working capital | ||
| Receivable days | 76 | 83 |
| Inventory days | 183 | 0 |
| Payable days | 167 | 207 |
| NWC days | 92 | -124 |
| Leverage | ||
| Current ratio | 1.31 | 1.15 |
| Debt to EBITDA | 2.53 | 3.72 |
| Debt to equity | 0.42 | 0.4 |
| Interest coverage | 3.2 | 1.3 |
| Asset turnover | 0.72 | 0.67 |
| Return ratios | ||
| Return on assets % | 3.9% | 0.5% |
| Return on capital employed % | 10.3% | 4.9% |
| Return on equity % | 7.6% | 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.