Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 2.5% | 2.7% | 42.6% |
| EBITDA margin % | 4.2% | 4.3% | 16.2% |
| EBIT margin % | -3.3% | -4% | 7.6% |
| PAT margin % | -11.2% | -12.4% | 1.1% |
| Working capital | |||
| Receivable days | 1 | 1 | 1 |
| Inventory days | 293 | 350 | 691 |
| Payable days | 12 | 6 | 41 |
| NWC days | 281 | 346 | 652 |
| Leverage | |||
| Current ratio | 0.94 | 1.24 | 1.66 |
| Debt to EBITDA | 8.11 | 9.6 | 1.89 |
| Debt to equity | 1.15 | 0.8 | 0.41 |
| Interest coverage | -0 | -0.1 | 1.1 |
| Asset turnover | 0.52 | 0.5 | 0.49 |
| Return ratios | |||
| Return on assets % | -5.8% | -6.2% | 0.5% |
| Return on capital employed % | -0.4% | -0.8% | 10.1% |
| Return on equity % | -38% | -24% | 1.4% |
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.