Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 19.9% | — | — |
| EBITDA margin % | -11.8% | 19.9% | 7.6% |
| EBIT margin % | -11.8% | 19.9% | 7.6% |
| PAT margin % | 89.1% | 14% | 8.7% |
| Working capital | |||
| Receivable days | 0 | 1 | 57 |
| Inventory days | 0 | 1 | 10 |
| Payable days | 49 | 72 | 51 |
| NWC days | -49 | -69 | 16 |
| Leverage | |||
| Current ratio | 1.15 | 1.78 | 1.28 |
| Debt to EBITDA | — | 8.45 | 14.33 |
| Debt to equity | 0.63 | 0.5 | 0.86 |
| Interest coverage | 0.4 | 2.4 | 2.5 |
| Asset turnover | 0.08 | 0.16 | 0.3 |
| Return ratios | |||
| Return on assets % | 6.9% | 2.2% | 2.6% |
| Return on capital employed % | 1.8% | 7.7% | 9.8% |
| Return on equity % | 15.5% | 4.1% | 6.9% |
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.