Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 35.1% | 12.3% | -2.9% | 4.9% |
| EBIT margin % | 35.1% | 12.1% | -4.2% | 2.9% |
| PAT margin % | 39.6% | 8.8% | 3% | 0% |
| Working capital | ||||
| Receivable days | 30,367 | 260 | 267 | 218 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 26,275 | 67 | 22 | 21 |
| NWC days | 4,092 | 194 | 245 | 197 |
| Leverage | ||||
| Current ratio | 1.26 | 1.52 | 1.55 | 1.49 |
| Debt to EBITDA | 83 | 3.46 | — | 8.78 |
| Debt to equity | 1.67 | 1.41 | 1.48 | 1.48 |
| Interest coverage | — | 4.3 | 2.7 | 1.3 |
| Asset turnover | 0.01 | 1.03 | 1.02 | 1.15 |
| Return ratios | ||||
| Return on assets % | 0.4% | 9.1% | 3.1% | 0% |
| Return on capital employed % | 2.6% | 41.7% | 20% | 9.1% |
| Return on equity % | 2.3% | 29.3% | 8.9% | 0.1% |
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.