Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 2% | 1.9% | -42.4% | -41.7% | -56.9% | -134.7% |
| EBIT margin % | -9.4% | -8% | -55.2% | -57.1% | -74.9% | -166.9% |
| PAT margin % | 72.7% | 57.2% | -18% | 115.4% | 63% | 20.7% |
| Working capital | ||||||
| Receivable days | 43 | 58 | 39 | 52 | 52 | 60 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 10 | 8 | 14 | 15 | 8 | 13 |
| NWC days | 33 | 50 | 25 | 37 | 44 | 47 |
| Leverage | ||||||
| Current ratio | 22.03 | 18.33 | 16.9 | 23.98 | 38.94 | 40.69 |
| Debt to EBITDA | 6 | 4.2 | — | — | — | — |
| Debt to equity | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Interest coverage | 54.3 | 39.6 | -11.4 | 42 | 31.3 | 7.6 |
| Asset turnover | 0.17 | 0.15 | 0.14 | 0.12 | 0.1 | 0.05 |
| Return ratios | ||||||
| Return on assets % | 12.5% | 8.6% | -2.6% | 13.5% | 6% | 1% |
| Return on capital employed % | 14.9% | 12.6% | -3.4% | 13.6% | 9% | 2.3% |
| Return on equity % | 13.2% | 9.4% | -2.8% | 14.3% | 6.4% | 1.1% |
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.