Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | -53.5% | 21.6% | 26.3% |
| EBIT margin % | -62.1% | 13.5% | 18.1% |
| PAT margin % | -65.6% | -2.1% | 25.6% |
| Working capital | |||
| Receivable days | 26 | 24 | 15 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 12 | 19 | 29 |
| NWC days | 14 | 5 | -14 |
| Leverage | |||
| Current ratio | 1.48 | 5.66 | 3.04 |
| Debt to EBITDA | — | 0 | 0 |
| Debt to equity | 0.54 | 0 | 0 |
| Interest coverage | -62.2 | 40.3 | 67.7 |
| Asset turnover | 0.46 | 0.3 | 0.38 |
| Return ratios | |||
| Return on assets % | -30% | -0.6% | 9.6% |
| Return on capital employed % | -50.4% | 11.7% | 13% |
| Return on equity % | -62.7% | -0.7% | 11.5% |
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.