Standalone figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | 27.1% | 15.7% | 17.2% |
| EBITDA margin % | -8.1% | -72.1% | — | 12.4% | 6% | 10.1% |
| EBIT margin % | -8.1% | -72% | — | 6.7% | 4.2% | 8.6% |
| PAT margin % | -16% | -81% | — | 5% | 3.1% | 7.6% |
| Working capital | ||||||
| Receivable days | — | — | — | 62 | 57 | 83 |
| Inventory days | — | — | — | 175 | 80 | 79 |
| Payable days | — | — | — | 152 | 77 | 88 |
| NWC days | — | — | — | 86 | 60 | 73 |
| Leverage | ||||||
| Current ratio | — | — | — | 1.9 | 1.09 | 1.79 |
| Debt to EBITDA | — | — | — | 7.39 | 6.87 | 12.54 |
| Debt to equity | — | — | — | -0.32 | -0.52 | -3.99 |
| Interest coverage | -0.9 | -4.4 | — | 3.6 | 3.7 | 6.7 |
| Asset turnover | — | — | — | 0.23 | 0.62 | 0.83 |
| Return ratios | ||||||
| Return on assets % | — | — | — | 1.1% | 1.9% | 6.3% |
| Return on capital employed % | — | — | — | 1.7% | 3.5% | 10.9% |
| Return on equity % | — | — | — | -1.7% | -4% | -24% |
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.