Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | 6.5% | 8.9% | 4.6% | 3.4% |
| EBITDA margin % | -0.1% | -6.3% | -142.4% | 3.3% | 2.3% | 2.8% | 2.3% | 1.7% |
| EBIT margin % | -0.1% | -6.6% | -142.9% | 3% | 1.7% | 2.1% | 1.7% | 1.1% |
| PAT margin % | 1.7% | 3.6% | 2.5% | 1.1% | 2.9% | 2.1% | 0.9% | 1.4% |
| Working capital | ||||||||
| Receivable days | 592 | 574 | 487 | — | 151 | 272 | 381 | 286 |
| Inventory days | 2 | 2 | 0 | — | 6 | 3 | 9 | 6 |
| Payable days | 172 | 163 | 87 | — | 177 | 179 | 249 | 183 |
| NWC days | 422 | 413 | 401 | — | -20 | 97 | 141 | 109 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 1.98 | 2.47 | 1.71 | 1.63 |
| Debt to EBITDA | — | — | — | — | 445.26 | 437.68 | 196.93 | 0 |
| Debt to equity | 0.06 | 0.07 | 0.08 | — | 7.6 | 6.51 | 0.86 | 0 |
| Interest coverage | — | 24.6 | 15.3 | 21.8 | 16.8 | 4.1 | 4.4 | 207 |
| Asset turnover | 0.41 | 0.44 | 0.37 | — | 0.08 | 0.06 | 0.1 | 0.12 |
| Return ratios | ||||||||
| Return on assets % | 0.7% | 1.6% | 0.9% | — | 0.2% | 0.1% | 0.1% | 0.2% |
| Return on capital employed % | — | — | — | — | 0.4% | 0.2% | 0.2% | 0.3% |
| Return on equity % | 2.1% | 4.4% | 1.6% | — | 2.2% | 1.1% | 0.2% | 0.3% |
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.