Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 12% | 9.2% | 9.1% |
| EBITDA margin % | 1.8% | 1% | 2.5% |
| EBIT margin % |
| 1.4% |
| 0.6% |
| 2.1% |
| PAT margin % | -2.5% | -3.3% | 3.8% |
| Working capital | |||
| Receivable days | 139 | 160 | 135 |
| Inventory days | 1 | 0 | 2 |
| Payable days | 12 | 42 | 60 |
| NWC days | 128 | 118 | 77 |
| Leverage | |||
| Current ratio | 1.53 | 1.31 | 2.9 |
| Debt to EBITDA | 21.08 | 54.87 | 3.71 |
| Debt to equity | 1.62 | 1.28 | 0.09 |
| Interest coverage | 0.5 | 0.6 | 2.7 |
| Asset turnover | 1.45 | 0.88 | 0.73 |
| Return ratios | |||
| Return on assets % | -3.6% | -2.9% | 2.8% |
| Return on capital employed % | 6.5% | 9.2% | 11% |
| Return on equity % | -10.4% | -7.5% | 3.5% |
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.