Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 2.5% | 20.9% | 24.3% | 23.7% | 19.9% | 16.7% | 16.4% | -1.7% |
| EBIT margin % | -2.6% | 15.9% | 17.9% | 17.5% | 14.9% | 12.8% | 11.9% | -6.1% |
| PAT margin % | 1.7% | 6.1% | 26.6% | 21.4% | 37.9% | 16.7% | 18.8% | -5.1% |
| Working capital | ||||||||
| Receivable days | 97 | 194 | 187 | 188 | 185 | 187 | 249 | 170 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 33 | 43 | 39 | 32 | 36 | 23 | 45 | 35 |
| NWC days | 64 | 150 | 148 | 156 | 149 | 164 | 204 | 135 |
| Leverage | ||||||||
| Current ratio | 2.66 | 0.69 | 0.91 | 0.78 | 1.11 | 1.63 | 1.59 | 1.16 |
| Debt to EBITDA | 12.46 | 0.9 | 0.29 | 0 | 0 | 0 | 0 | — |
| Debt to equity | 0.01 | 0.06 | 0.01 | 0 | 0 | 0 | 0 | 0.75 |
| Interest coverage | — | 4.1 | 27.3 | 34.4 | 35.1 | 29.1 | 29.2 | -0.1 |
| Asset turnover | 0.02 | 0.21 | 0.08 | 0.22 | 0.32 | 0.45 | 0.57 | 0.82 |
| Return ratios | ||||||||
| Return on assets % | 0% | 1.3% | 2.2% | 4.7% | 12.1% | 7.5% | 10.7% | -4.2% |
| Return on capital employed % | 0.2% | 0.9% | 4.7% | 4.6% | 20.2% | 16% | 20.5% | -0.4% |
| Return on equity % | 0% | 2% | 2.7% | 7.2% | 20.2% | 11.8% | 17.5% | -15% |
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.