Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 32.8% | 16.7% | 3.2% | 32.3% |
| EBITDA margin % | 9.5% | -9.7% | -24.4% | 13% |
| EBIT margin % | 6.3% | -13.1% | -29.5% | 7.2% |
| PAT margin % | 1.3% | -1.6% | -30.4% | 7.9% |
| Working capital | ||||
| Receivable days | 63 | 26 | 59 | 49 |
| Inventory days | 249 | 178 | 104 | 186 |
| Payable days | 47 | 33 | 22 | 55 |
| NWC days | 265 | 171 | 141 | 180 |
| Leverage | ||||
| Current ratio | 1.55 | 1.07 | 1.99 | 2.77 |
| Debt to EBITDA | 5.73 | — | — | 2.93 |
| Debt to equity | 0.82 | 1.41 | 0.38 | 0.27 |
| Interest coverage | 1.5 | 0.7 | -3.2 | 3.8 |
| Asset turnover | 0.7 | 0.68 | 0.58 | 0.51 |
| Return ratios | ||||
| Return on assets % | 0.9% | -1.1% | -17.6% | 4% |
| Return on capital employed % | 8% | 5.2% | -25.9% | 10.8% |
| Return on equity % | 2% | -3.1% | -27.9% | 5.7% |
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.