Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 10.9% | 33.2% | 40.4% | 41.6% | 39.9% | 40% | 41.6% | 42.4% |
| EBIT margin % | -28.3% | -21% | -16% | -19.6% | -14.8% | -13.2% | -8.8% | -6.9% |
| PAT margin % | -39.4% | -164.3% | -105.4% | -73.3% | -69.5% | -73.4% | -62.9% | 77% |
| Working capital | ||||||||
| Receivable days | — | — | 22 | 23 | 19 | 19 | 17 | 16 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 194 | 214 | 195 | 196 | 154 | 125 |
| NWC days | — | — | -172 | -191 | -176 | -178 | -137 | -108 |
| Leverage | ||||||||
| Current ratio | — | — | 0.21 | 0.28 | 0.23 | 0.24 | 0.56 | 0.55 |
| Debt to EBITDA | — | — | 10.64 | 11.91 | 11.99 | 12.19 | 10.83 | 7.86 |
| Debt to equity | — | — | -4.72 | -3.08 | -2.71 | -1.99 | -2.79 | -4.18 |
| Interest coverage | -1 | -0.5 | -0.4 | -0.4 | -0.3 | -0.2 | -0.1 | -0.1 |
| Asset turnover | — | — | 0.21 | 0.2 | 0.2 | 0.23 | 0.22 | 0.23 |
| Return ratios | ||||||||
| Return on assets % | — | — | -21.7% | -14.6% | -14.1% | -16.9% | -13.8% | 18% |
| Return on capital employed % | — | — | -4.8% | -5.5% | -4.2% | -3.9% | -2.1% | -1.7% |
| Return on equity % | — | — | 115.7% | 45.6% | 39.4% | 30% | 38.9% | -96.6% |
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.