Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | -5.9% | 3.3% | ||
| 12.7% |
| 15.4% |
| EBIT margin % | -9.8% | -0.4% | 9% | 11.3% |
| PAT margin % | 9.8% | -2.5% | 8% | 8.7% |
| Working capital | ||||
| Receivable days | 92 | 89 | 77 | 79 |
| Inventory days | — | — | — | 0 |
| Payable days | 0 | 1 | 2 | 18 |
| NWC days | — | — | — | 61 |
| Leverage | ||||
| Current ratio | 2.8 | 2.59 | 2.83 | 3 |
| Debt to EBITDA | — | 3.41 | 0.76 | 0.56 |
| Debt to equity | 0.24 | 0.18 | 0.15 | 0.09 |
| Interest coverage | -3 | 0.8 | 5.2 | 9.2 |
| Asset turnover | 0.88 | 0.92 | 0.97 | 0.75 |
| Return ratios | ||||
| Return on assets % | 8.6% | -2.3% | 7.7% | 6.5% |
| Return on capital employed % | -7.4% | 1.9% | 14.2% | 15.3% |
| Return on equity % | 14.5% | -3.9% | 12.6% | 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.