Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 3.1% | 2.4% | 3.2% | 2.6% | 2.6% |
| EBITDA margin % | 1.6% | 1.3% | 1.8% | 1.2% | -0.1% |
| EBIT margin % | 1.5% | 1.3% | 0.4% | 0.3% | -0.6% |
| PAT margin % | 1.6% | 2.8% | 5.6% | 0.9% | 0.1% |
| Working capital | |||||
| Receivable days | — | 16 | 51 | 56 | 105 |
| Inventory days | — | 0 | 0 | 0 | 8 |
| Payable days | — | 0 | 63 | 15 | 23 |
| NWC days | — | 16 | -12 | 41 | 90 |
| Leverage | |||||
| Current ratio | — | 1.27 | 0.76 | 2.27 | 2.99 |
| Debt to EBITDA | — | 9.13 | 1.51 | 5.09 | — |
| Debt to equity | — | 0.38 | 0.06 | 0.16 | 0.26 |
| Interest coverage | 22.8 | 718 | 34.9 | 5.1 | 1.2 |
| Asset turnover | — | 1.5 | 1.37 | 2 | 1.89 |
| Return ratios | |||||
| Return on assets % | — | 4.1% | 7.7% | 1.7% | 0.1% |
| Return on capital employed % | — | 9.5% | 19.5% | 5.2% | 2.2% |
| Return on equity % | — | 8.8% | 13.2% | 2.3% | 0.2% |
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.