Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 15.5% | -2.9% | 17.1% | 19.8% | 6.7% | 8.7% | 16.1% | 7.5% |
| EBIT margin % | 12.3% | -8.6% | 12.4% | 17% | 2.1% | 5.2% | 12.7% | 3.9% |
| PAT margin % | — | — | 6.9% | 12.5% | 6.9% | 11.5% | 16.9% | 4% |
| Working capital | ||||||||
| Receivable days | — | — | 150 | 119 | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 317 | 229 | — | — | — | — |
| NWC days | — | — | -167 | -110 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 1.37 | 1.38 | — | — | — | — |
| Debt to EBITDA | — | — | 0.36 | 0.2 | 2.43 | 1.74 | 1.09 | 3.61 |
| Debt to equity | — | — | 0.06 | 0.05 | 0.16 | 0.18 | 0.19 | 0.27 |
| Interest coverage | 5.9 | -1.5 | 4.3 | 15.6 | 3.9 | 9.6 | 9.7 | 2.6 |
| Asset turnover | — | — | 0.29 | 0.36 | 0.28 | 0.27 | 0.27 | 0.22 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2% | 4.4% | 1.9% | 3% | 4.6% | 0.9% |
| Return on capital employed % | — | — | 12% | 22.9% | — | — | — | — |
| Return on equity % | — | — | 6.7% | 16.8% | 6.7% | 13.5% | 18.7% | 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.