Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 29.3% | 30.1% |
| EBITDA margin % | 8.8% | 7.5% |
| EBIT margin % | 7.2% | 5% |
| PAT margin % | 5.4% | 2% |
| Working capital | ||
| Receivable days | 18 | 21 |
| Inventory days | 64 | 104 |
| Payable days | 84 | 150 |
| NWC days | -1 | -25 |
| Leverage | ||
| Current ratio | 1.27 | 1.07 |
| Debt to EBITDA | 4.13 | 5.23 |
| Debt to equity | 0.6 | 0.79 |
| Interest coverage | 13.1 | 2.2 |
| Asset turnover | 0.85 | 0.81 |
| Return ratios | ||
| Return on assets % | 4.5% | 1.6% |
| Return on capital employed % | 8.2% | 6.9% |
| Return on equity % | 8.9% | 4.1% |
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.