Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 38.7% | 39.9% | 22.7% |
| EBITDA margin % | 8.1% | -13% | 3.7% |
| EBIT margin % |
| 4.1% |
| -16.2% |
| 1.2% |
| PAT margin % | 4.2% | 7% | 11% |
| Working capital | |||
| Receivable days | 75 | 73 | 230 |
| Inventory days | 26 | 3 | 12 |
| Payable days | 78 | 17 | 25 |
| NWC days | 24 | 59 | 217 |
| Leverage | |||
| Current ratio | 1.26 | 2.18 | 4.84 |
| Debt to EBITDA | 7.41 | — | 23.69 |
| Debt to equity | 0.68 | 0.23 | 0.26 |
| Interest coverage | 1.5 | 2.3 | 1.2 |
| Asset turnover | 0.36 | 0.63 | 0.18 |
| Return ratios | |||
| Return on assets % | 1.5% | 4.5% | 2% |
| Return on capital employed % | 5.6% | 8.9% | 2.4% |
| Return on equity % | 4.7% | 7.6% | 3.3% |
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.