Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | 96.4% |
| EBITDA margin % | 5.2% | 8.9% | 9.3% | 4.6% |
| EBIT margin % | -5.1% | -1.8% | 0.2% | -3.1% |
| PAT margin % | -1.6% | 5.4% | 3.7% | 1% |
| Working capital | ||||
| Receivable days | 52 | 65 | 55 | 68 |
| Inventory days | 1 | 1 | 0 | 222 |
| Payable days | 90 | 74 | 73 | 2,473 |
| NWC days | -37 | -8 | -17 | -2,183 |
| Leverage | ||||
| Current ratio | 1.02 | 1.19 | 1.12 | 1.01 |
| Debt to EBITDA | 8.2 | 1.44 | 1.1 | 1.48 |
| Debt to equity | 0.64 | 0.1 | 0.07 | 0.05 |
| Interest coverage | 1 | 2.7 | 3.2 | 1.9 |
| Asset turnover | 0.58 | 0.54 | 0.53 | 0.54 |
| Return ratios | ||||
| Return on assets % | -0.9% | 2.9% | 1.9% | 0.5% |
| Return on capital employed % | 4.5% | 7.8% | 4.8% | 2.6% |
| Return on equity % | -2.4% | 4.1% | 2.6% | 0.7% |
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.