Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 9.8% | -5.1% | 20.1% | 17.2% | 17.4% | 21.5% | 14.1% | 2.4% |
| EBIT margin % | 1.1% | -19.3% | 6.4% | 6% | 5.4% | 11.6% | 7.2% | -5.9% |
| PAT margin % | 4.7% | -28.6% | -33.3% | 0.2% | 5.6% | -38.5% | 8.4% | -10.2% |
| Working capital | ||||||||
| Receivable days | 22 | — | 65 | 20 | 39 | 19 | 53 | 85 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 29 | — | 14 | 14 | 13 | 5 | 4 | 9 |
| NWC days | — | — | 51 | 6 | 25 | 14 | 49 | 77 |
| Leverage | ||||||||
| Current ratio | — | — | 2.07 | 1.16 | 0.96 | 1.22 | 4.63 | 2.46 |
| Debt to EBITDA | 7.23 | — | 3.64 | 3.69 | 3.06 | 0 | 0 | 0 |
| Debt to equity | 0.08 | — | 0.08 | 0.07 | 0.06 | 0 | 0 | 0 |
| Interest coverage | 3.5 | -1.3 | 2.1 | 1.7 | 2.4 | 5.3 | 11 | -5.7 |
| Asset turnover | 0.1 | — | 0.1 | 0.1 | 0.1 | 0.12 | 0.1 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | 0.5% | — | -3.4% | 0% | 0.5% | -4.7% | 0.8% | -0.9% |
| Return on capital employed % | — | — | 1.5% | 1.2% | 1.2% | 1.7% | 1% | -0.3% |
| Return on equity % | 0.5% | — | -3.8% | 0% | 0.6% | -5% | 0.8% | -0.9% |
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.