Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | 71.3% |
| EBITDA margin % | |||||
| 45.2% |
| 42.6% |
| 59.8% |
| 50.7% |
| 48.4% |
| EBIT margin % | -4.4% | -0.4% | 18.1% | 17.8% | 22.3% |
| PAT margin % | -24.3% | -18.4% | 0.4% | 1.1% | 3.9% |
| Working capital | |||||
| Receivable days | 23 | 19 | 40 | 97 | 44 |
| Inventory days | 2 | 2 | 0 | 0 | 0 |
| Payable days | — | — | — | — | 206 |
| NWC days | — | — | — | — | -162 |
| Leverage | |||||
| Current ratio | 0.4 | 0.31 | 0.61 | 0.69 | 1.26 |
| Debt to EBITDA | 0.99 | 1.11 | 1.56 | 1.62 | 1.32 |
| Debt to equity | -6.55 | 27.21 | 3.51 | 2.39 | 0.78 |
| Interest coverage | -0.1 | 0.1 | 0.7 | 1.1 | 1.3 |
| Asset turnover | 0.31 | 0.25 | 0.26 | 0.29 | 0.35 |
| Return ratios | |||||
| Return on assets % | -7.5% | -4.5% | 0.1% | 0.3% | 1.4% |
| Return on capital employed % | -1.2% | 0.8% | 8.7% | 13.7% | 13.6% |
| Return on equity % | 354.2% | -1,051.6% | 1.5% | 3.2% | 4.8% |
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.