Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 15.2% | 16.4% | 19.6% | 16.6% | 13.5% | 14.3% | 11.2% | 7% |
| EBIT margin % | -4.9% | -2.7% | 0.4% | 4.5% | 2.9% | 3.9% | 0.6% | -2.3% |
| PAT margin % | -24.9% | 4.5% | 14.5% | 14% | 20.9% | 19.7% | 19.6% | 17% |
| Working capital | ||||||||
| Receivable days | 68 | 38 | 26 | 21 | 28 | 37 | 55 | 40 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 94 | 0 | 101 | 89 | 100 | 103 | 119 | 115 |
| NWC days | — | — | -74 | -67 | -72 | -67 | -65 | -75 |
| Leverage | ||||||||
| Current ratio | 3.39 | 3.23 | 5.28 | 6.48 | 6.64 | 7.64 | 7.67 | 8.36 |
| Debt to EBITDA | 1.81 | 1.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.13 | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | -0.2 | 4.4 | 58.6 | 629.5 | 103.5 | 96.8 | 119.8 | 111.4 |
| Asset turnover | 0.3 | 0.35 | 0.38 | 0.35 | 0.3 | 0.28 | 0.24 | 0.23 |
| Return ratios | ||||||||
| Return on assets % | -7.6% | 1.6% | 5.5% | 4.9% | 6.3% | 5.4% | 4.7% | 3.9% |
| Return on capital employed % | -0.5% | 4.6% | 6.7% | 5.8% | 4.5% | 7.3% | 6.9% | 5.5% |
| Return on equity % | -11.8% | 2.3% | 6.8% | 5.8% | 7.4% | 6.2% | 5.4% | 4.4% |
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.