Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 6.9% | 2.5% | 2.7% | 42.8% |
| EBITDA margin % | -7.3% | 4.2% | ||
| 4.2% |
| 16% |
| EBIT margin % | -15.3% | -3.3% | -4.1% | 7.4% |
| PAT margin % | -21.7% | -11.2% | -12.5% | 0.5% |
| Working capital | ||||
| Receivable days | 1 | 1 | 1 | 1 |
| Inventory days | 201 | 293 | 350 | 700 |
| Payable days | 40 | 12 | 6 | 42 |
| NWC days | 162 | 281 | 346 | 659 |
| Leverage | ||||
| Current ratio | 0.92 | 0.94 | 1.25 | 1.67 |
| Debt to EBITDA | — | 8.11 | 9.7 | 1.91 |
| Debt to equity | -3.18 | 1.15 | 0.8 | 0.41 |
| Interest coverage | -1.5 | -0 | -0.1 | 1.1 |
| Asset turnover | 0.61 | 0.52 | 0.5 | 0.49 |
| Return ratios | ||||
| Return on assets % | -13.3% | -5.8% | -6.3% | 0.3% |
| Return on capital employed % | -21.4% | -0.6% | -0.9% | 9.8% |
| Return on equity % | 232.9% | -38% | -24.5% | 0.7% |
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.