Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 13% | 15.3% | 11.4% | 9.9% |
| EBITDA margin % | -24.7% | -10.8% | ||
| -7.4% |
| -18% |
| EBIT margin % | -30.2% | -13.6% | -9.5% | -21.4% |
| PAT margin % | -7% | 12.1% | 4.7% | 7.7% |
| Working capital | ||||
| Receivable days | 153 | 130 | 89 | 108 |
| Inventory days | 68 | 65 | 110 | 85 |
| Payable days | 132 | 88 | 87 | 87 |
| NWC days | 89 | 107 | 112 | 107 |
| Leverage | ||||
| Current ratio | 5 | 12.99 | 6.23 | 2.26 |
| Debt to EBITDA | — | — | — | — |
| Debt to equity | 0.16 | 0 | 0 | 0.06 |
| Interest coverage | -0.1 | 2.1 | 49.6 | 8.5 |
| Asset turnover | 0.23 | 0.18 | 0.23 | 0.16 |
| Return ratios | ||||
| Return on assets % | -1.6% | 2.2% | 1.1% | 1.2% |
| Return on capital employed % | -0.2% | 4.1% | 4.5% | 2.2% |
| Return on equity % | -2.1% | 2.4% | 1.2% | 1.6% |
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.