Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 48.1% | 28.5% |
| EBITDA margin % | -47.1% | -10.8% |
| EBIT margin % | -58.7% | -16.4% |
| PAT margin % | -35.4% | 10% |
| Working capital | ||
| Receivable days | 64 | 14 |
| Inventory days | 6,305 | 2,893 |
| Payable days | 9,451 | 4,689 |
| NWC days | -3,082 | -1,782 |
| Leverage | ||
| Current ratio | 0.81 | 0.7 |
| Debt to EBITDA | — | — |
| Debt to equity | 0.29 | 0.38 |
| Interest coverage | -12.5 | 5.5 |
| Asset turnover | 0.01 | 0.01 |
| Return ratios | ||
| Return on assets % | -0.2% | 0.1% |
| Return on capital employed % | -0.3% | 0.1% |
| Return on equity % | -0.3% | 0.1% |
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.