Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | -4.2% | -0.4% | -10.4% | — |
| EBITDA margin % | -46.6% | -19.7% | -19% | -167.8% |
| EBIT margin % | -54.7% | -21.2% | -19.5% | -167.8% |
| PAT margin % | -41% | -9.6% | -10.9% | -173.4% |
| Working capital | ||||
| Receivable days | 85 | 113 | 39 | 292 |
| Inventory days | 1 | 119 | 0 | 11 |
| Payable days | 1 | 4 | 16 | 7 |
| NWC days | 84 | 229 | 23 | 297 |
| Leverage | ||||
| Current ratio | 53.57 | 2.64 | 2.19 | 7.57 |
| Debt to EBITDA | — | — | — | — |
| Debt to equity | 0.01 | 0.01 | 0.08 | 0.12 |
| Interest coverage | -19.1 | -13 | -79.3 | -23.7 |
| Asset turnover | 1.23 | 0.4 | 0.89 | 0.39 |
| Return ratios | ||||
| Return on assets % | -50.3% | -3.8% | -9.7% | -67.2% |
| Return on capital employed % | -66.4% | -5.8% | -16.7% | -16.5% |
| Return on equity % | -51.8% | -4.9% | -14.7% | -79.9% |
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.