Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 38.5% | 48.9% | 52.9% |
| EBITDA margin % | 2.2% | 10.5% | 10% |
| EBIT margin % | -2.2% | 6% | 5.8% |
| PAT margin % | -3.2% | 3.7% | 3% |
| Working capital | |||
| Receivable days | 35 | 46 | 36 |
| Inventory days | 99 | 163 | 139 |
| Payable days | 36 | 52 | 25 |
| NWC days | 98 | 157 | 150 |
| Leverage | |||
| Current ratio | 0.97 | 1.07 | 1.34 |
| Debt to EBITDA | 12.75 | 2.94 | 2.05 |
| Debt to equity | 0.78 | 0.73 | 0.48 |
| Interest coverage | -0.2 | 1.8 | 2.1 |
| Asset turnover | 1.16 | 1.06 | 1.26 |
| Return ratios | |||
| Return on assets % | -3.7% | 4% | 3.8% |
| Return on capital employed % | -1.3% | 11.5% | 13.4% |
| Return on equity % | -8.7% | 8.9% | 7% |
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.