Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 14.4% | 15.5% | 13.9% |
| EBITDA margin % | -3.9% | 1.3% | -3.5% |
| EBIT margin % | -3.9% | 1.2% | -4.1% |
| PAT margin % | 6% | 5.5% | 17.2% |
| Working capital | |||
| Receivable days | 13 | 22 | 83 |
| Inventory days | 0 | 2 | 1 |
| Payable days | 111 | 154 | 53 |
| NWC days | -98 | -131 | 31 |
| Leverage | |||
| Current ratio | 0.33 | 4.44 | 8.43 |
| Debt to EBITDA | — | 0 | — |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | -20 | 201.5 | 33.1 |
| Asset turnover | 0.68 | 0.24 | 0.24 |
| Return ratios | |||
| Return on assets % | 4.1% | 1.3% | 4.1% |
| Return on capital employed % | -0.4% | 3.1% | 5.6% |
| Return on equity % | 5.3% | 1.5% | 4.4% |
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.