Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 46.6% | 47.6% | 51.6% |
| EBITDA margin % | 2.2% | 4.2% | 5.2% |
| EBIT margin % |
| -5.1% |
| -3.5% |
| -4.9% |
| PAT margin % | -8.5% | -0.5% | 12.5% |
| Working capital | |||
| Receivable days | 76 | 49 | 66 |
| Inventory days | 179 | 115 | 164 |
| Payable days | 214 | 111 | 163 |
| NWC days | 40 | 53 | 67 |
| Leverage | |||
| Current ratio | 0.62 | 0.74 | 0.88 |
| Debt to EBITDA | 45.96 | 15.73 | 12.24 |
| Debt to equity | 2.36 | 1.53 | 1 |
| Interest coverage | -0.7 | -0.5 | -0.7 |
| Asset turnover | 0.53 | 0.73 | 0.62 |
| Return ratios | |||
| Return on assets % | -4.5% | -0.3% | 7.7% |
| Return on capital employed % | -2.7% | -3.2% | -3.8% |
| Return on equity % | -20% | -1.1% | 19.5% |
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.