Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 12.6% | 17.9% | 30.6% |
| EBITDA margin % | -25.3% | -38.5% | -44% |
| EBIT margin % | -32.4% | -51.1% | -74.4% |
| PAT margin % | -31.6% | -50.4% | -81.4% |
| Working capital | |||
| Receivable days | 12 | 1 | 5 |
| Inventory days | 58 | 77 | 63 |
| Payable days | 112 | 94 | 159 |
| NWC days | -43 | -16 | -91 |
| Leverage | |||
| Current ratio | 1.01 | 1.87 | 1.14 |
| Debt to EBITDA | — | — | — |
| Debt to equity | 1.18 | 0.59 | 0.74 |
| Interest coverage | -7.5 | -5.2 | -4.1 |
| Asset turnover | 0.65 | 0.41 | 0.29 |
| Return ratios | |||
| Return on assets % | -20.5% | -20.6% | -23.5% |
| Return on capital employed % | -37.3% | -33.6% | -23.6% |
| Return on equity % | -78.4% | -44.3% | -54.7% |
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.