Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 9.6% | 13% | 9.1% | 8.7% |
| EBITDA margin % | — | 6.2% | 3.2% | 2.4% |
| EBIT margin % | — | 4.7% | 1.8% | 0.9% |
| PAT margin % | 2.4% | 2.7% | 4.5% | 0.9% |
| Working capital | ||||
| Receivable days | 133 | 108 | 111 | 131 |
| Inventory days | 35 | 71 | 42 | 47 |
| Payable days | 27 | 59 | 66 | 59 |
| NWC days | 141 | 121 | 87 | 118 |
| Leverage | ||||
| Current ratio | 2.19 | 2.09 | 2.27 | 3.77 |
| Debt to EBITDA | — | 1.21 | 2.32 | 3.53 |
| Debt to equity | 0.26 | 0.05 | 0.07 | 0.07 |
| Interest coverage | -0.1 | 2.4 | 3.1 | 2.2 |
| Asset turnover | 1.18 | 0.58 | 0.74 | 0.69 |
| Return ratios | ||||
| Return on assets % | 2.8% | 1.5% | 3.3% | 0.6% |
| Return on capital employed % | -0.3% | 5.2% | 3.3% | 2.5% |
| Return on equity % | 4% | 1.8% | 4.3% | 0.8% |
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.