Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | 96.5% | — |
| EBITDA margin % | 37.3% | 4.8% | 27.3% | 6.9% |
| EBIT margin % | 21.3% | -9.1% | 23.5% | 5.4% |
| PAT margin % | 18% | -15% | 8.1% | 4% |
| Working capital | ||||
| Receivable days | 165 | 340 | 389 | 68 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 803 | 7 |
| NWC days | 165 | 340 | -414 | 61 |
| Leverage | ||||
| Current ratio | 1.53 | 1.83 | 3.94 | 3.47 |
| Debt to EBITDA | 2.48 | 22.11 | 4.54 | 3.59 |
| Debt to equity | 0.2 | 0.29 | 1.02 | 1.19 |
| Interest coverage | 4.7 | -1.4 | 3 | 23.5 |
| Asset turnover | 0.16 | 0.19 | 0.27 | 1.36 |
| Return ratios | ||||
| Return on assets % | 2.9% | -2.8% | 2.2% | 5.5% |
| Return on capital employed % | 3.9% | -2% | 10.8% | 10.5% |
| Return on equity % | 3.8% | -4.1% | 6.7% | 19.3% |
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.