Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 2.6% | 2.2% | 1.8% | 1.5% | 3.2% | 3.8% |
| EBIT margin % | 1.9% | 1.6% | 1.2% | 0.9% | 2.7% | 3.3% |
| PAT margin % | 0.6% | 0.6% | -0.1% | 0% | 0.9% | 1.5% |
| Working capital | ||||||
| Receivable days | 45 | 36 | 42 | 63 | 64 | 79 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 45 | 28 | 24 | 43 | 22 | 32 |
| NWC days | -1 | 8 | 18 | 20 | 42 | 47 |
| Leverage | ||||||
| Current ratio | 0.78 | 0.78 | 0.87 | 1.46 | 1.22 | 1.29 |
| Debt to EBITDA | 3.43 | 4.87 | 7.71 | 9.13 | 4.48 | 4.4 |
| Debt to equity | 1.33 | 1.85 | 0.93 | 0.9 | 0.98 | 1.03 |
| Interest coverage | 1.9 | 2.1 | 1.1 | 0.9 | 1.9 | 2.7 |
| Asset turnover | 3.48 | 4.06 | 2.71 | 2.35 | 2.5 | 2.31 |
| Return ratios | ||||||
| Return on assets % | 2.1% | 2.6% | -0.3% | 0.1% | 2.1% | 3.5% |
| Return on capital employed % | 19.9% | 22.6% | 9.4% | 7.1% | 17.2% | 22.2% |
| Return on equity % | 8.9% | 11.2% | -0.6% | 0.3% | 5.8% | 9.6% |
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.