Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| 74.6% |
| EBITDA margin % | 5.3% | 5.6% | -2.7% | 2.8% | 13.2% | 2.3% | 1.1% | 4.5% |
| EBIT margin % | 5.1% | 5.4% | -2.8% | 2.7% | 13% | 1% | -0.5% | 1.9% |
| PAT margin % | 5.2% | 4.3% | -3.2% | 26% | 13% | 4.4% | -1.1% | -57.2% |
| Working capital | ||||||||
| Receivable days | — | — | 86 | — | 95 | 97 | 104 | 248 |
| Inventory days | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | 9 | — | 4 | 6 | 16 | 237 |
| NWC days | — | — | 77 | — | 91 | 91 | 88 | 10 |
| Leverage | ||||||||
| Current ratio | — | — | 1.57 | — | 2.99 | 0.63 | 2.99 | 2.93 |
| Debt to EBITDA | — | — | — | — | 0 | 0.34 | 125.42 | 36.7 |
| Debt to equity | — | — | 0.01 | — | 0 | 0 | 0.47 | 0.48 |
| Interest coverage | 6.8 | 9.4 | -2.3 | 6.7 | 16.6 | 7.6 | 0.1 | 3.3 |
| Asset turnover | — | — | 0.66 | — | 0.49 | 0.32 | 0.23 | 0.18 |
| Return ratios | ||||||||
| Return on assets % | — | — | -2.1% | — | 6.4% | 1.4% | -0.3% | -10.4% |
| Return on capital employed % | — | — | -1% | — | 7.4% | 3.6% | 0% | 0.7% |
| Return on equity % | — | — | -2.7% | — | 7.2% | 2.1% | -0.4% | -16.7% |
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.