Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 53.7% | 48.5% |
| EBITDA margin % | -18.9% | -17.6% |
| EBIT margin % | -26.9% | -30.1% |
| PAT margin % | 9.6% | 19.1% |
| Working capital | ||
| Receivable days | 243 | 263 |
| Inventory days | 177 | 65 |
| Payable days | 268 | 210 |
| NWC days | 152 | 118 |
| Leverage | ||
| Current ratio | 9.99 | 3.68 |
| Debt to EBITDA | — | — |
| Debt to equity | 0.13 | 0.1 |
| Interest coverage | 1.8 | 4.9 |
| Asset turnover | 0.05 | 0.12 |
| Return ratios | ||
| Return on assets % | 0.4% | 2.3% |
| Return on capital employed % | 1.5% | 4.3% |
| Return on equity % | 0.5% | 2.7% |
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.