Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | — | 4.6% | 4.1% | 4.8% | 5.1% | 4.2% | 4.7% | 5.4% |
| EBIT margin % | — | 2.4% | 1.4% | 1.5% | 1.4% | 0.4% | 0.9% | 1.4% |
| PAT margin % | 2.3% | 1.6% | 0.9% | 0.9% | 0.5% | -1% | -0.5% | 0.2% |
| Working capital | ||||||||
| Receivable days | 49 | 56 | 54 | 43 | 46 | 47 | 37 | 36 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 89 | 81 | 79 | 77 | 69 | 62 |
| NWC days | — | — | -35 | -38 | -32 | -30 | -32 | -26 |
| Leverage | ||||||||
| Current ratio | — | — | 1.34 | 1.24 | 1.07 | 1 | 1.02 | 1.16 |
| Debt to EBITDA | — | 0.19 | 0.2 | 0.19 | 1.55 | 1.48 | 1.49 | 0.12 |
| Debt to equity | 0.06 | 0.05 | 0.05 | 0.06 | 0.71 | 0.69 | 0.97 | 0.04 |
| Interest coverage | -4.1 | 5.6 | 3.1 | 2.6 | 1.7 | 0.6 | 0.9 | 1.5 |
| Asset turnover | 3.2 | 2.44 | 1.94 | 2.11 | 2.01 | 2.22 | 2.37 | 2.25 |
| Return ratios | ||||||||
| Return on assets % | 7.2% | 3.9% | 1.7% | 1.8% | 1% | -2.1% | -1.2% | 0.3% |
| Return on capital employed % | — | — | 8.1% | 9.2% | 8.6% | 3.5% | 6.6% | 8% |
| Return on equity % | 17.4% | 10.1% | 5.1% | 5.9% | 4.4% | -10.8% | -6.9% | 0.9% |
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.