Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 21% | 23.2% |
| EBITDA margin % | 8.4% | 7.9% |
| EBIT margin % | 4.7% | 3.2% |
| PAT margin % | 3% | 0.8% |
| Working capital | ||
| Receivable days | — | 115 |
| Inventory days | 47 | 120 |
| Payable days | — | 185 |
| NWC days | — | 49 |
| Leverage | ||
| Current ratio | 1.56 | 1.2 |
| Debt to EBITDA | — | 6.17 |
| Debt to equity | — | 0.62 |
| Interest coverage | 3.9 | 1.7 |
| Asset turnover | 0.74 | 0.58 |
| Return ratios | ||
| Return on assets % | 2.2% | 0.5% |
| Return on capital employed % | 6.3% | 3.8% |
| Return on equity % | — | 1% |
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.