Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 22.5% | 22.9% | 6.1% | 13.9% | 16.1% | 18.7% | 13.8% | 7.4% |
| EBIT margin % | 11.7% | 4.5% | -29.4% | -11.8% | -2.3% | 4.2% | -1% | -7% |
| PAT margin % | 8.7% | 2.7% | -41% | -9% | -4.6% | 5.4% | 2.2% | -1% |
| Working capital | ||||||||
| Receivable days | 108 | 107 | 156 | 151 | 113 | 125 | 113 | 116 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 0 | 110 | 98 | 80 | 182 | 112 | 122 |
| NWC days | — | — | 46 | 53 | 33 | -57 | 1 | -5 |
| Leverage | ||||||||
| Current ratio | 2.32 | 2.57 | 3.28 | 3.2 | 2.83 | 1.93 | 2.05 | 1.84 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 22.1 | 2 | -3.3 | -1.3 | 0.6 | 3.3 | 2.4 | -0.5 |
| Asset turnover | 0.54 | 0.41 | 0.24 | 0.28 | 0.39 | 0.42 | 0.45 | 0.46 |
| Return ratios | ||||||||
| Return on assets % | 4.7% | 1.1% | -9.9% | -2.5% | -1.8% | 2.3% | 1% | -0.5% |
| Return on capital employed % | 9.2% | 3.5% | -5.7% | -2.1% | 1% | 5.2% | 3.4% | -0.7% |
| Return on equity % | 5.8% | 1.6% | -13.6% | -3.6% | -2.6% | 3.7% | 1.5% | -0.7% |
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.