Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 81.3% | 44.9% | 33.1% | 70.4% |
| EBITDA margin % | 9.4% | 1.1% | -28.1% | -195.1% |
| EBIT margin % | 7.1% | -0.5% | -29.9% | -211.1% |
| PAT margin % | 6.8% | 4.5% | -18.3% | -117.3% |
| Working capital | ||||
| Receivable days | 303 | 184 | 141 | 825 |
| Inventory days | 122 | 52 | 39 | 563 |
| Payable days | 407 | 55 | 24 | 91 |
| NWC days | 17 | 181 | 156 | 1,296 |
| Leverage | ||||
| Current ratio | 8.87 | 12.26 | 19.6 | 39.13 |
| Debt to EBITDA | 0.38 | 2 | — | — |
| Debt to equity | 0.01 | 0.01 | 0.01 | 0 |
| Interest coverage | 34.5 | 19.5 | -104 | -117 |
| Asset turnover | 0.34 | 0.45 | 0.47 | 0.05 |
| Return ratios | ||||
| Return on assets % | 2.3% | 2% | -8.6% | -5.6% |
| Return on capital employed % | 3.7% | 2% | -11.2% | -6.8% |
| Return on equity % | 2.5% | 2.2% | -8.9% | -5.7% |
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.