Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 79.9% | — | 97.2% | 98.1% |
| EBITDA margin % | 44.3% | 29.5% | 19.1% | 27.7% | 11.9% |
| EBIT margin % | 28.8% | 15.6% | -8.2% | 6.4% | -4.4% |
| PAT margin % | 7.1% | 17.2% | -59.3% | 16.5% | 7.9% |
| Working capital | |||||
| Receivable days | — | 20 | 31 | 33 | 22 |
| Inventory days | — | 6,553 | 2,587 | 1,83,302 | 6,54,724 |
| Payable days | — | 458 | 181 | 36,349 | 96,801 |
| NWC days | — | 6,115 | 2,438 | 1,46,986 | 5,57,946 |
| Leverage | |||||
| Current ratio | — | 4.39 | 1.55 | 2 | 1.79 |
| Debt to EBITDA | — | 26.03 | 51.45 | 36.36 | 100.31 |
| Debt to equity | — | 0.68 | 0.78 | 0.71 | 0.98 |
| Interest coverage | 1.5 | 2.2 | 0.5 | 1.6 | 1.4 |
| Asset turnover | — | 0.05 | 0.03 | 0.02 | 0.02 |
| Return ratios | |||||
| Return on assets % | — | 0.8% | -1.8% | 0.4% | 0.1% |
| Return on capital employed % | — | 1.9% | 0.9% | 2.6% | 1.4% |
| Return on equity % | — | 1.5% | -4.7% | 1.2% | 0.6% |
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.