Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 46.7% | 50.8% | 44.1% |
| EBITDA margin % | -5.2% | -6.4% | -13.4% |
| EBIT margin % |
| -22.5% |
| -23.7% |
| -30.2% |
| PAT margin % | 1.9% | 0.7% | -1.3% |
| Working capital | |||
| Receivable days | 13 | 17 | 13 |
| Inventory days | 40 | 55 | 40 |
| Payable days | 19 | 28 | 23 |
| NWC days | 34 | 43 | 29 |
| Leverage | |||
| Current ratio | 5.62 | 2.02 | 4.12 |
| Debt to EBITDA | — | — | — |
| Debt to equity | 0 | 0.08 | 0.06 |
| Interest coverage | 1.9 | 1 | 1 |
| Asset turnover | 1.62 | 0.61 | 0.5 |
| Return ratios | |||
| Return on assets % | 3.1% | 0.5% | -0.6% |
| Return on capital employed % | 8.6% | 7.5% | 3.7% |
| Return on equity % | 3.9% | 0.7% | -0.8% |
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.