Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 28.6% | 7.2% | 10.9% | 21.4% | 10.3% | 11.2% | -2.5% | -7.4% |
| EBIT margin % | 20.7% | -3.4% | -8.2% | 8.6% | -8.8% | -2.6% | -14% | -22% |
| PAT margin % | 12.7% | -3.3% | 4.5% | 7.9% | 19.7% | 1.1% | -4.6% | -12.4% |
| Working capital | ||||||||
| Receivable days | — | — | 225 | 194 | 180 | 216 | 199 | 131 |
| Inventory days | — | — | 4 | 2 | 3 | 3 | 5 | 5 |
| Payable days | — | — | 93 | 86 | 8 | 37 | 67 | 45 |
| NWC days | — | — | 136 | 111 | 175 | 182 | 137 | 90 |
| Leverage | ||||||||
| Current ratio | — | — | 4.65 | 6.13 | 33 | 15.61 | 4.86 | 4.81 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 16.3 | -2.1 | 6.1 | 17.4 | 39.8 | 62.9 | -22.5 | -56 |
| Asset turnover | — | — | 0.46 | 0.5 | 0.23 | 0.33 | 0.4 | 0.38 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.1% | 3.9% | 4.5% | 0.4% | -1.9% | -4.7% |
| Return on capital employed % | — | — | 4.1% | 7% | 6.6% | 4.2% | -2.8% | -7% |
| Return on equity % | — | — | 2.4% | 4.5% | 4.6% | 0.4% | -2.2% | -5.5% |
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.