Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 60.6% | 56.3% |
| EBITDA margin % | -18.3% | -14% |
| EBIT margin % | -22.3% | -19.3% |
| PAT margin % | -20.5% | -18% |
| Working capital | ||
| Receivable days | 59 | 64 |
| Inventory days | 3 | 3 |
| Payable days | 111 | 83 |
| NWC days | -48 | -16 |
| Leverage | ||
| Current ratio | 2.54 | 3.35 |
| Debt to EBITDA | — | — |
| Debt to equity | 0 | 0.01 |
| Interest coverage | -29.8 | -19.7 |
| Asset turnover | 1 | 0.91 |
| Return ratios | ||
| Return on assets % | -20.5% | -16.5% |
| Return on capital employed % | -25.8% | -24.6% |
| Return on equity % | -30.5% | -22.7% |
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.