Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | 50.7% | 45.7% |
| EBITDA margin % | 15.4% | 13.3% | 7.1% |
| EBIT margin % | 10.5% | 8.5% | 2.2% |
| PAT margin % | 5.6% | 5.8% | 5.5% |
| Working capital | |||
| Receivable days | — | 120 | 123 |
| Inventory days | — | 453 | 391 |
| Payable days | — | 61 | 27 |
| NWC days | — | 512 | 488 |
| Leverage | |||
| Current ratio | 1.39 | 1.9 | 1.64 |
| Debt to EBITDA | 3.75 | 4.41 | 8.59 |
| Debt to equity | 0.94 | 0.48 | 0.46 |
| Interest coverage | 2.2 | 2.5 | 1.7 |
| Asset turnover | 0.75 | 0.49 | 0.49 |
| Return ratios | |||
| Return on assets % | 4.2% | 2.9% | 2.7% |
| Return on capital employed % | 16.8% | 11% | 3.9% |
| Return on equity % | 9.2% | 4.8% | 4.2% |
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.