Ratio analysis
Each ratio against the range that is normal for that pillar, not for the group — and where no range is held for that pillar, no range at all. Every ratio the definitions hold for Sixteen Frames Live, at Aug 2026, with its twelve months and its definition one click away.
Sixteen Frames Live · events pillar · read from Tally Prime
Read from Tally Prime. Every figure on this screen opens its own workings: the definition, the formula and the two summary lines behind it, down to the vouchers.
6 reads were made for this screen and every one answered.
Every range on this screen is the range that is normal for this company’s pillar, read from the published benchmarks for that pillar alone. Six per cent gross margin is healthy in handset distribution and alarming in software; a group average would describe neither.
Nothing is computed on this screen. Every value is the view’s, every range the benchmarks’; what the screen adds is the comparison between them, and it says where each stands.
A ratio is computed at a month end and there is no such thing as a ratio for a range: the view computes each ratio from that month’s inputs, and a run of months cannot be added, averaged into anything defensible, or recomputed here. Every ratio on this screen is at 31 Aug 2026.
Six ratios at 31 Aug 2026, the ones the group overview sets side by side: net margin, gross margin, leverage as net debt to EBITDA, and the three day counts. Each against the same ratio a year earlier, with the twelve months to Aug 2026 beneath it and its standing against the events range as the note. Working capital, the one amount on this screen, is stated in its own currency in the Liquidity panel’s foot and has no range.
A ratio is computed at a month end and there is no such thing as a ratio for a range: the view computes each ratio from that month’s inputs, and a run of months cannot be added, averaged into anything defensible, or recomputed here. Every ratio on this screen is at 31 Aug 2026.
The ratio definitions of Sixteen Frames Live, the twelve months to Aug 2026, read from Tally Prime. Every ratio at each month end, and the same month a year earlier for the movement.
The published benchmark ranges. The range that is normal for the events pillar, where one is published.
The six the overview compares, so a reader who came from the group finds the same figures at the top of the company’s own screen. The movement is stated and not coloured: a ratio is judged against its range, and the one adverse ink on this screen is a ratio outside it.
Every range on this screen is the range that is normal for this company’s pillar, read from the published benchmarks for that pillar alone. Six per cent gross margin is healthy in handset distribution and alarming in software; a group average would describe neither.
Against the month before, rather than the same month a year earlier: Net margin (22.7)% from (35.5)%; Gross margin (8.0)% from (20.8)%; Leverage — from —; Collection days 76 days from 76 days; Stock days 0 days from 0 days; Payment days 88 days from 74 days.
- Interest cover below pillar rangeSixteen Frames Live · Aug 2026 · events range at least 4.00×times
- Gross margin below pillar rangeSixteen Frames Live · Aug 2026 · events range 18% to 28%%
Ranked adverse first, then watch, then the tests that came back clean; within a class by the finding’s figure as a share of the company’s revenue for the period, largest first. A balance sheet that does not tie, or a company no rate is held for, outranks any share.
One company, so every row is Sixteen Frames Live’s own ratio at 31 Aug 2026 against the events range. A ratio outside its range on the side the definition calls worse is adverse; outside on the better side is watch; within a class the rows rank by how far beyond the bound the value stands, as a share of the range’s width, because a ratio has no amount to take as a share of revenue.
A ratio is computed at a month end and there is no such thing as a ratio for a range: the view computes each ratio from that month’s inputs, and a run of months cannot be added, averaged into anything defensible, or recomputed here. Every ratio on this screen is at 31 Aug 2026.
Tested: every ratio with a published range against the range that is normal for the company’s own pillar at Aug 2026, outside on the side the definition calls worse reported as adverse and on the other side as watch, ranked by how far beyond the bound the value stands as a share of the range. A ratio the view states null is named under Data quality and not judged; a pillar with no published range is a check that did not run there; a company with no revenue in the month has the ratios that read the month’s flows withheld and named.
Not computed by the view at Aug 2026 for Sixteen Frames Live: net debt to EBITDA (EBITDA not positive). A null is a gap on the screen, never a nought, and is not judged.
Six rows at most, in two columns, adverse first: what needs acting on before what needs watching, and a clear row only where a test ran and found nothing. The rest is under Data quality at the foot of the screen, so the face never grows past what a reader can act on in a glance.
Gross margin below pillar range · Sixteen Frames Live · 260% of the range’s width beyond its low. Gross margin stands at (8.0)% against the events range of 18% to 28%, below it on the side the definition calls worse. The range is the pillar’s own, from the published benchmarks, never the group’s.
Interest cover below pillar range · Sixteen Frames Live · 948% of the range’s width beyond its low. Interest cover stands at (33.90)× against the events range of at least 4.00×, below it on the side the definition calls worse. The range is the pillar’s own, from the published benchmarks, never the group’s.
Profitability at 31 Aug 2026: gross margin (8.0)%, below the events range 18% to 28%; EBITDA margin (20.2)%, no range published; net margin (22.7)%, no range published; return on capital employed (273.7)%, no range published; return on equity (414.0)%, no range published.
Gross margin stands below the range on the side the definition calls worse.
The ratio definitions of Sixteen Frames Live, Aug 2026, read from Tally Prime. Profitability: each ratio at the month end, against the range published for the events pillar.
The published benchmark ranges. The events range for each ratio, where one is published.
One bullet a ratio: the measure against the band that is the pillar’s range, in the signal ink where it stands outside on either side, which is the one adverse ink on this screen. A ratio with no published range is drawn with no band and says so; a floor with no ceiling is drawn open to the right.
Every range on this screen is the range that is normal for this company’s pillar, read from the published benchmarks for that pillar alone. Six per cent gross margin is healthy in handset distribution and alarming in software; a group average would describe neither.
Gross margin: Gross profit ÷ revenue. Higher is better. Events range 18% to 28%.
EBITDA margin: EBITDA ÷ revenue. Higher is better. No range is published for the events pillar.
Net margin: Profit before tax ÷ revenue. Higher is better. No range is published for the events pillar.
Return on capital employed: EBITDA annualised ÷ (equity + borrowings). Higher is better. No range is published for the events pillar.
Return on equity: Profit before tax annualised ÷ equity. Higher is better. No range is published for the events pillar.
Liquidity at 31 Aug 2026: current ratio 1.27×, inside the events range 1.00× to 1.40×; quick ratio 1.27×, no range published; cash ratio 0.48×, no range published; defensive interval 101 days, no range published.
Working capital is an amount in INR — current assets less current liabilities — not a ratio, so it stands in the foot and not as a bullet.
The ratio definitions of Sixteen Frames Live, Aug 2026, read from Tally Prime. Liquidity: each ratio at the month end, against the range published for the events pillar.
The published benchmark ranges. The events range for each ratio, where one is published.
One bullet a ratio: the measure against the band that is the pillar’s range, in the signal ink where it stands outside on either side, which is the one adverse ink on this screen. A ratio with no published range is drawn with no band and says so; a floor with no ceiling is drawn open to the right.
Every range on this screen is the range that is normal for this company’s pillar, read from the published benchmarks for that pillar alone. Six per cent gross margin is healthy in handset distribution and alarming in software; a group average would describe neither.
Current ratio: Current assets ÷ current liabilities. Higher is better. Events range 1.00× to 1.40×.
Quick ratio: (Current assets − inventory) ÷ current liabilities. Higher is better. No range is published for the events pillar.
Cash ratio: Cash ÷ current liabilities. Higher is better. No range is published for the events pillar.
Defensive interval: (Cash + receivables) ÷ average daily operating cost. Higher is better. No range is published for the events pillar.
Working capital at 31 Aug 2026: days sales outstanding 76 days, no range published; days inventory outstanding 0 days, no range published; days payables outstanding 88 days, no range published; cash conversion cycle (13) days, inside the events range −40 to 0 days; asset turnover 2.95×, no range published.
The ratio definitions of Sixteen Frames Live, Aug 2026, read from Tally Prime. Working capital: each ratio at the month end, against the range published for the events pillar.
The published benchmark ranges. The events range for each ratio, where one is published.
One bullet a ratio: the measure against the band that is the pillar’s range, in the signal ink where it stands outside on either side, which is the one adverse ink on this screen. A ratio with no published range is drawn with no band and says so; a floor with no ceiling is drawn open to the right.
Every range on this screen is the range that is normal for this company’s pillar, read from the published benchmarks for that pillar alone. Six per cent gross margin is healthy in handset distribution and alarming in software; a group average would describe neither.
Days sales outstanding: Receivables ÷ (revenue ÷ 30). Lower is better. No range is published for the events pillar.
Days inventory outstanding: Inventory ÷ (cost of sales ÷ 30). Lower is better. No range is published for the events pillar.
Days payables outstanding: Payables ÷ (cost of sales ÷ 30). Higher is better. No range is published for the events pillar.
Cash conversion cycle: Days sales + days inventory − days payables. Lower is better. Events range −40 to 0 days.
Asset turnover: Revenue annualised ÷ total assets. Higher is better. No range is published for the events pillar.
Leverage and cover at 31 Aug 2026: gearing 25.6%, no range published; debt to equity 0.34×, no range published; net debt to EBITDA not computed; interest cover (33.90)×, below the events range at least 4.00×.
Interest cover stands below the range on the side the definition calls worse.
The ratio definitions of Sixteen Frames Live, Aug 2026, read from Tally Prime. Leverage and cover: each ratio at the month end, against the range published for the events pillar.
The published benchmark ranges. The events range for each ratio, where one is published.
One bullet a ratio: the measure against the band that is the pillar’s range, in the signal ink where it stands outside on either side, which is the one adverse ink on this screen. A ratio with no published range is drawn with no band and says so; a floor with no ceiling is drawn open to the right.
Every range on this screen is the range that is normal for this company’s pillar, read from the published benchmarks for that pillar alone. Six per cent gross margin is healthy in handset distribution and alarming in software; a group average would describe neither.
Gearing: Borrowings ÷ (equity + borrowings). Lower is better. No range is published for the events pillar.
Debt to equity: Borrowings ÷ equity. Lower is better. No range is published for the events pillar.
Net debt to EBITDA: (Borrowings − cash) ÷ annualised EBITDA. Lower is better. Events range 0.00× to 1.50×.
Interest cover: EBITDA ÷ finance cost. Higher is better. Events range at least 4.00×.
Not computed at Aug 2026: net debt to EBITDA (EBITDA not positive).
Return on equity moved most: 53.3 to (414.0)%. Each ratio on its own scale over the twelve months to Aug 2026, the events range as the band behind it where one is published, the latest month marked.
The ratio definitions of Sixteen Frames Live, the twelve months to Aug 2026, read from Tally Prime. Profitability, month by month; a month the view states null is a gap.
The reader looks for the ratio that moved. One row a ratio on its own scale shows the shape of each year at a glance, and the title names the row that moved most from its first month with a value to its last, as a share of where it started; the band is the range, so the eye sees where the year sat against it without a second drawing.
Gross margin: 21.6% at Sept 2025 to (8.0)% at Aug 2026, 12 of twelve months held.
EBITDA margin: 10.3% at Sept 2025 to (20.2)% at Aug 2026, 12 of twelve months held.
Net margin: 7.9% at Sept 2025 to (22.7)% at Aug 2026, 12 of twelve months held.
Return on capital employed: 61.6% at Sept 2025 to (273.7)% at Aug 2026, 12 of twelve months held.
Return on equity: 53.3% at Sept 2025 to (414.0)% at Aug 2026, 12 of twelve months held.
Current ratio moved most: 2.38 to 1.27×. Each ratio on its own scale over the twelve months to Aug 2026, the events range as the band behind it where one is published, the latest month marked.
The ratio definitions of Sixteen Frames Live, the twelve months to Aug 2026, read from Tally Prime. Liquidity, month by month; a month the view states null is a gap.
The reader looks for the ratio that moved. One row a ratio on its own scale shows the shape of each year at a glance, and the title names the row that moved most from its first month with a value to its last, as a share of where it started; the band is the range, so the eye sees where the year sat against it without a second drawing.
Current ratio: 2.38× at Sept 2025 to 1.27× at Aug 2026, 12 of twelve months held.
Quick ratio: 2.38× at Sept 2025 to 1.27× at Aug 2026, 12 of twelve months held.
Cash ratio: 0.47× at Sept 2025 to 0.48× at Aug 2026, 12 of twelve months held.
Defensive interval: 102 days at Sept 2025 to 101 days at Aug 2026, 12 of twelve months held.
Cash cycle moved most: 24 to (13) days. Each ratio on its own scale over the twelve months to Aug 2026, the events range as the band behind it where one is published, the latest month marked.
The ratio definitions of Sixteen Frames Live, the twelve months to Aug 2026, read from Tally Prime. Working capital, month by month; a month the view states null is a gap.
The reader looks for the ratio that moved. One row a ratio on its own scale shows the shape of each year at a glance, and the title names the row that moved most from its first month with a value to its last, as a share of where it started; the band is the range, so the eye sees where the year sat against it without a second drawing.
Days sales outstanding: 74 days at Sept 2025 to 76 days at Aug 2026, 12 of twelve months held.
Days inventory outstanding: 0 days at Sept 2025 to 0 days at Aug 2026, 12 of twelve months held.
Days payables outstanding: 49 days at Sept 2025 to 88 days at Aug 2026, 12 of twelve months held.
Cash conversion cycle: 24 days at Sept 2025 to (13) days at Aug 2026, 12 of twelve months held.
Asset turnover: 3.65× at Sept 2025 to 2.95× at Aug 2026, 12 of twelve months held.
Interest cover moved most: 18.33 to (33.90)×. Each ratio on its own scale over the twelve months to Aug 2026, the events range as the band behind it where one is published, the latest month marked.
six months across these rows are a gap: the view stated null, which is an absence and never a nought.
The ratio definitions of Sixteen Frames Live, the twelve months to Aug 2026, read from Tally Prime. Leverage and cover, month by month; a month the view states null is a gap.
The reader looks for the ratio that moved. One row a ratio on its own scale shows the shape of each year at a glance, and the title names the row that moved most from its first month with a value to its last, as a share of where it started; the band is the range, so the eye sees where the year sat against it without a second drawing.
Gearing: 10.7% at Sept 2025 to 25.6% at Aug 2026, 12 of twelve months held.
Debt to equity: 0.12× at Sept 2025 to 0.34× at Aug 2026, 12 of twelve months held.
Net debt to EBITDA: (0.32)× at Sept 2025 to (0.80)× at Feb 2026, 6 of twelve months held.
Interest cover: 18.33× at Sept 2025 to (33.90)× at Aug 2026, 12 of twelve months held.
| Ratio | Reads | Unit | Better | events range | |
|---|---|---|---|---|---|
| PROFITABILITY | |||||
| Gross margin | Gross profit, Revenue | % | higher | 18% to 28% | |
| EBITDA margin | EBITDA, Revenue | % | higher | — | |
| Net margin | Profit before tax, Revenue | % | higher | — | |
| Return on capital employed | EBITDA, Capital employed | % | higher | — | |
| Return on equity | Profit before tax, Equity | % | higher | — | |
| LIQUIDITY | |||||
| Current ratio | Current assets, Current liabilities | times | higher | 1.00× to 1.40× | |
| Quick ratio | Current assets, Inventory, Current liabilities | times | higher | — | |
| Cash ratio | Cash, Current liabilities | times | higher | — | |
| Defensive interval | Cash, Receivables, Cost of sales, Operating expenses | days | higher | — | |
| Working capital | Working capital | amount | higher | — | |
| WORKING CAPITAL | |||||
| Days sales outstanding | Receivables, Revenue | days | lower | — | |
| Days inventory outstanding | Inventory, Cost of sales | days | lower | — | |
| Days payables outstanding | Payables, Cost of sales | days | higher | — | |
| Cash conversion cycle | Receivables, Inventory, Payables | days | lower | −40 to 0 days | |
| Asset turnover | Revenue, Total assets | times | higher | — | |
| LEVERAGE AND COVER | |||||
| Gearing | Borrowings, Equity | % | lower | — | |
| Debt to equity | Borrowings, Equity | times | lower | — | |
| Net debt to EBITDA | Net debt, EBITDA | times | lower | 0.00× to 1.50× | |
| Interest cover | EBITDA, Finance cost | times | higher | at least 4.00× | |
Every ratio the definitions hold, in the four families the screen draws them in: what it reads from the monthly summary, the formula in the definition’s own words, the unit it is stated in, which way the definition calls better, and the range that is normal for the events pillar where one is published. 5 of 19 carry a events range.
A definition is what makes a ratio a fact: the reader reads it before the figure, and every figure on this screen opens it.
The ratio definitions. The name, family, formula, unit and direction of every ratio, as the definitions table holds them.
The published benchmark ranges. The range for each ratio in the events pillar, where one is published.
The Reads column is a vocabulary keyed on each definition’s code, written from the formula’s words: it names the summary lines the formula reads and is not data the definitions hold. The codes, for a reader who needs them: Gross margin is gross_margin; EBITDA margin is ebitda_margin; Net margin is net_margin; Return on capital employed is roce; Return on equity is roe; Current ratio is current_ratio; Quick ratio is quick_ratio; Cash ratio is cash_ratio; Defensive interval is defensive_interval; Days sales outstanding is dso; Days inventory outstanding is dio; Days payables outstanding is dpo; Cash conversion cycle is ccc; Asset turnover is asset_turnover; Gearing is gearing; Debt to equity is debt_to_equity; Net debt to EBITDA is net_debt_ebitda; Interest cover is interest_cover; Working capital is working_capital.
Every range on this screen is the range that is normal for this company’s pillar, read from the published benchmarks for that pillar alone. Six per cent gross margin is healthy in handset distribution and alarming in software; a group average would describe neither.
A known calibration issue in the seeded books, reported rather than hidden: receivable and payable days come out far above anything realistic because opening balances do not fully drain over the modelled period, so the denominators are too small. The formula is not adjusted to make this look better — changing a ratio definition to hide a data problem turns it into a reporting problem — and the figures are shown as computed so the seed can be corrected against them. The fifteen-to-120-day plausibility check an earlier screen ran was the screen’s own rule and not the books’; it is gone, and the day counts are judged against the pillar’s range where one is published.
Return on capital employed, Return on equity, Asset turnover, Net debt to EBITDA annualise a single month by twelve, as the definition says, and the screen says so here rather than on the face.
Interest cover carries a high of 99 in the benchmarks, which is the sentinel for no upper bound: the range is read as a floor with no ceiling.
Working capital is an amount, current assets less current liabilities in INR, and is listed here as one; it is not drawn as a bullet and has no range.
Nothing is computed on this screen. Every value is the view’s, every range the benchmarks’; what the screen adds is the comparison between them, and it says where each stands.
2 action · 0 watch · 0 clear.
One company, so every row is Sixteen Frames Live’s own ratio at 31 Aug 2026 against the events range. A ratio outside its range on the side the definition calls worse is adverse; outside on the better side is watch; within a class the rows rank by how far beyond the bound the value stands, as a share of the range’s width, because a ratio has no amount to take as a share of revenue.
A ratio is computed at a month end and there is no such thing as a ratio for a range: the view computes each ratio from that month’s inputs, and a run of months cannot be added, averaged into anything defensible, or recomputed here. Every ratio on this screen is at 31 Aug 2026.
Read from Tally Prime. 6 reads were made for this screen and 6 answered. Every figure on this screen opens its own workings, down to the vouchers behind it.
- The group register · register · answered
- The ratio definitions · every definition · answered
- The ratio definitions · Sixteen Frames Live, the twelve months to Aug 2026 · answered
- The published benchmark ranges · the events pillar · answered
- The monthly summary · Sixteen Frames Live, the twelve months to Aug 2026 · answered
- The ledger · the last posting · answered
Tested: every ratio with a published range against the range that is normal for the company’s own pillar at Aug 2026, outside on the side the definition calls worse reported as adverse and on the other side as watch, ranked by how far beyond the bound the value stands as a share of the range. A ratio the view states null is named under Data quality and not judged; a pillar with no published range is a check that did not run there; a company with no revenue in the month has the ratios that read the month’s flows withheld and named.
Not computed by the view at Aug 2026 for Sixteen Frames Live: net debt to EBITDA (EBITDA not positive). A null is a gap on the screen, never a nought, and is not judged.
- Every ratio with a published range against the range normal for the company’s pillar · ran, found 2
Gross margin below pillar range · Sixteen Frames Live · 260% of the range’s width beyond its low. Gross margin stands at (8.0)% against the events range of 18% to 28%, below it on the side the definition calls worse. The range is the pillar’s own, from the published benchmarks, never the group’s.
Interest cover below pillar range · Sixteen Frames Live · 948% of the range’s width beyond its low. Interest cover stands at (33.90)× against the events range of at least 4.00×, below it on the side the definition calls worse. The range is the pillar’s own, from the published benchmarks, never the group’s.
Nothing.