Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 17.2% | 19.8% | 30.5% | 77.2% |
| EBITDA margin % | 11.9% | 6.5% | -6% | 2.7% |
| EBIT margin % | 10.1% | 4% | -10.8% | -0.9% |
| PAT margin % | 11% | 8.7% | 13.5% | -0.6% |
| Working capital | ||||
| Receivable days | 131 | 47 | 28 | 7 |
| Inventory days | 5 | 5 | 10 | 90 |
| Payable days | 139 | 34 | 0 | 76 |
| NWC days | -2 | 18 | 38 | 21 |
| Leverage | ||||
| Current ratio | 1.2 | 1.23 | 3.82 | 1.13 |
| Debt to EBITDA | 1.31 | 3.05 | — | 56.73 |
| Debt to equity | 0.27 | 0.21 | 1.15 | 1.18 |
| Interest coverage | 10.9 | 3 | -3.4 | -0.1 |
| Asset turnover | 0.65 | 0.55 | 0.15 | 0.32 |
| Return ratios | ||||
| Return on assets % | 7.2% | 4.8% | 2.1% | -0.2% |
| Return on capital employed % | 11.5% | 4.4% | -1.2% | -0.2% |
| Return on equity % | 19.1% | 9% | 5.5% | -0.5% |
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.