Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 82.5% | 90.6% |
| EBITDA margin % | 29.1% | 43.8% |
| EBIT margin % | 14.5% | 32.7% |
| PAT margin % | -72% | -51.8% |
| Working capital | ||
| Receivable days | 12 | 13 |
| Inventory days | 3,200 | 8,493 |
| Payable days | 244 | 388 |
| NWC days | 2,968 | 8,117 |
| Leverage | ||
| Current ratio | 0.26 | 0.33 |
| Debt to EBITDA | 31.09 | 20.43 |
| Debt to equity | -1.8 | -1.76 |
| Interest coverage | 0.2 | 0.4 |
| Asset turnover | 0.17 | 0.17 |
| Return ratios | ||
| Return on assets % | -12.3% | -8.6% |
| Return on capital employed % | -39.1% | -38.3% |
| Return on equity % | 14.3% | 10.2% |
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.