Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 72.9% | 56.9% | — | — | 77.6% | 65.3% | 80.3% |
| EBITDA margin % | 21.5% | 23.8% | — | — | -54.1% | 62% | 62.2% |
| EBIT margin % | 1% | 2.4% | — | — | -75.4% | 61.7% | 48.7% |
| PAT margin % | -5.4% | -5.2% | — | — | 86.1% | 62.8% | 58.9% |
| Working capital | |||||||
| Receivable days | 384 | 504 | — | — | 7,972 | 974 | 729 |
| Inventory days | 57 | 39 | — | — | 0 | 0 | 0 |
| Payable days | 287 | 250 | — | — | 0 | 263 | 299 |
| NWC days | 155 | 293 | — | — | 7,972 | 710 | 430 |
| Leverage | |||||||
| Current ratio | 2.17 | 2.4 | 0.74 | 6.06 | 36.89 | 9.72 | 5.54 |
| Debt to EBITDA | 1.36 | 1.44 | — | — | — | 3.59 | 2.81 |
| Debt to equity | 0.1 | 0.1 | 3.11 | 0.1 | 0 | 0.6 | 0.57 |
| Interest coverage | 2.2 | 0.4 | — | -19.4 | -0.4 | 40.3 | 5.2 |
| Asset turnover | 0.27 | 0.22 | 0 | 0 | 0.03 | 0.16 | 0.19 |
| Return ratios | |||||||
| Return on assets % | -1.4% | -1.1% | -4.2% | 18% | 2.4% | 10.1% | 11.3% |
| Return on capital employed % | 3.8% | 0.8% | -4.5% | -7.4% | -0.2% | 14.8% | 14.9% |
| Return on equity % | -1.8% | -1.5% | -34% | 20.4% | 2.5% | 17.1% | 19.4% |
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.