Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 7.4% | 9.3% | -3.5% |
| EBITDA margin % | 1.8% | 0.9% | -13.6% |
| EBIT margin % |
| 1.3% |
| 0.6% |
| -14.4% |
| PAT margin % | 0.8% | 1.4% | -3.2% |
| Working capital | |||
| Receivable days | 373 | 177 | — |
| Inventory days | 86 | 27 | 391 |
| Payable days | 287 | 153 | — |
| NWC days | 173 | 51 | — |
| Leverage | |||
| Current ratio | — | — | 1.36 |
| Debt to EBITDA | 7.64 | 9.47 | — |
| Debt to equity | 0.2 | 0.38 | — |
| Interest coverage | 4 | 3 | -2.7 |
| Asset turnover | 0.64 | 1.39 | 0.66 |
| Return ratios | |||
| Return on assets % | 0.5% | 2% | -2.1% |
| Return on capital employed % | — | — | -6.9% |
| Return on equity % | 1.2% | 6.1% | — |
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.