Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 12.7% | -7.1% | 7.9% | 12.1% | -11.1% | -7.2% | 5.7% | 9.4% |
| EBIT margin % | 7.7% | -15.5% | 0.9% | 7.3% | -16.4% | -11% | 2.8% | 5.5% |
| PAT margin % | -1.6% | -31.2% | 7.7% | 4.2% | -31.9% | -26.2% | -3.8% | -2.6% |
| Working capital | ||||||||
| Receivable days | 26 | 29 | 72 | 58 | 79 | 96 | 42 | 72 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 380 | — | 739 | 586 | 439 | 509 | 243 | 323 |
| NWC days | — | — | -667 | -529 | -359 | -413 | -202 | -251 |
| Leverage | ||||||||
| Current ratio | 0.82 | 0.8 | 0.87 | 0.85 | 0.74 | 1.05 | 0.79 | 0.76 |
| Debt to EBITDA | 12.23 | — | 30.87 | 25.61 | — | — | 28.43 | 18.36 |
| Debt to equity | 2.68 | 3.02 | 2.89 | 18.31 | -33.8 | 3.17 | 4.61 | 4.62 |
| Interest coverage | 0.9 | -0.1 | 1.4 | 1.2 | -0 | 0 | 0.7 | 0.8 |
| Asset turnover | 0.3 | 0.16 | 0.18 | 0.2 | 0.18 | 0.22 | 0.37 | 0.32 |
| Return ratios | ||||||||
| Return on assets % | -0.5% | -5.1% | 1.4% | 0.9% | -5.8% | -5.8% | -1.4% | -0.8% |
| Return on capital employed % | 9.5% | -2% | 16.4% | 14.8% | -0.3% | 0% | 9% | 13.5% |
| Return on equity % | -2.7% | -35% | 9.1% | 24.9% | 270.6% | -38.1% | -10.8% | -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.