Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 3.5% | 6.3% | 5.6% | 10% | 19.6% | 5.2% |
| EBITDA margin % | -67.7% | 3.2% | 0.8% | 3.5% | 3.7% | 2.6% |
| EBIT margin % | -68% | 2.9% | 0.3% | 2.7% | 2.2% | 2% |
| PAT margin % | 1.2% | 1.1% | 1% | 2.5% | 0.8% | 1.5% |
| Working capital | ||||||
| Receivable days | 156 | — | 164 | 282 | 307 | 281 |
| Inventory days | 12 | — | 11 | 8 | 11 | 9 |
| Payable days | 114 | — | 186 | 195 | 261 | 197 |
| NWC days | 54 | — | -11 | 95 | 57 | 93 |
| Leverage | ||||||
| Current ratio | 2.09 | — | 1.86 | 2.23 | 1.49 | 1.5 |
| Debt to EBITDA | — | — | 1,215.24 | 351.88 | 94.55 | 1.01 |
| Debt to equity | 0.1 | — | 7.79 | 5.3 | 0.84 | 0.01 |
| Interest coverage | 193 | 22.8 | 3.8 | 4.9 | 2.3 | 221 |
| Asset turnover | 0.74 | — | 0.08 | 0.06 | 0.12 | 0.13 |
| Return ratios | ||||||
| Return on assets % | 0.9% | — | 0.1% | 0.2% | 0.1% | 0.2% |
| Return on capital employed % | 2.1% | — | 0.3% | 0.3% | 0.3% | 0.3% |
| Return on equity % | 1.6% | — | 0.7% | 1.1% | 0.2% | 0.4% |
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.