Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 13.2% | 12.2% | 12.3% | 17.1% | 12.7% |
| EBITDA margin % | 5.3% | 5% | 3.2% | 6% | 3.8% |
| EBIT margin % | 4.4% | 4.3% | 2.4% | 5% | 3.2% |
| PAT margin % | -0.1% | 1.2% | -0.4% | 3.2% | 0.5% |
| Working capital | |||||
| Receivable days | 141 | 99 | 96 | 128 | 95 |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 22 | 9 | 7 | 17 | 12 |
| NWC days | 119 | 90 | 89 | 111 | 83 |
| Leverage | |||||
| Current ratio | 2.16 | 2.67 | 2.24 | 2.47 | 2.01 |
| Debt to EBITDA | 7.97 | 6.02 | 10.98 | 4.6 | 6.36 |
| Debt to equity | 1.12 | 0.94 | 1.39 | 0.87 | 1.03 |
| Interest coverage | 1.1 | 1.6 | 0.9 | 1.8 | 1.3 |
| Asset turnover | 1.1 | 1.51 | 1.53 | 1.48 | 1.87 |
| Return ratios | |||||
| Return on assets % | -0.1% | 1.9% | -0.7% | 4.8% | 1% |
| Return on capital employed % | 7.4% | 9.7% | 6% | 17.7% | 10.4% |
| Return on equity % | -0.2% | 3.9% | -1.7% | 10.2% | 2.3% |
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.