Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 37% | 29.5% | 41.1% | 27.5% | 36.1% |
| EBIT margin % | 10.9% | 1.9% | 10% | -8.3% | 6.8% |
| PAT margin % | -52.4% | -69.3% | -37.5% | -165.6% | 22.1% |
| Working capital | |||||
| Receivable days | 51 | 43 | 54 | 49 | 67 |
| Inventory days | 1 | 1 | 1 | 1 | 1 |
| Payable days | 59 | 32 | 30 | 51 | 89 |
| NWC days | -7 | 12 | 24 | -1 | -21 |
| Leverage | |||||
| Current ratio | 0.1 | 0.1 | 0.05 | 0.05 | 0.06 |
| Debt to EBITDA | 0.07 | 0.08 | 0.37 | 1.25 | 1.27 |
| Debt to equity | 4.52 | -0.03 | -0.13 | -0.11 | -0.19 |
| Interest coverage | 0.2 | 0.1 | 0.3 | -0 | 0.1 |
| Asset turnover | 0.19 | 0.19 | 0.18 | 0.16 | 0.19 |
| Return ratios | |||||
| Return on assets % | -9.8% | -12.9% | -6.6% | -25.8% | 4.2% |
| Return on capital employed % | 10.4% | 5.4% | 43.6% | 10.8% | -9.8% |
| Return on equity % | -9,392% | 95.6% | 31% | 53.6% | -9% |
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.