Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 11.6% | 14.1% | 20.4% | 24.8% | 14.8% | -7.8% | -38.4% | -49.3% |
| EBIT margin % | 8.6% | 11.2% | 17.7% | 20% | 10.3% | -10.4% | -43.7% | -56.1% |
| PAT margin % | 2.9% | 7.5% | 20.9% | 21.4% | 13.7% | -5.8% | -46.9% | -61.2% |
| Working capital | ||||||||
| Receivable days | — | — | 108 | 68 | 70 | 128 | 110 | 111 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 141 | 74 | 67 | 84 | 80 | 77 |
| NWC days | — | — | -33 | -6 | 3 | 43 | 30 | 34 |
| Leverage | ||||||||
| Current ratio | — | — | 0.91 | 1.27 | 1.56 | 1.22 | 0.97 | 0.99 |
| Debt to EBITDA | — | — | 0.82 | 0.07 | 0.05 | — | — | — |
| Debt to equity | — | — | 0.39 | 0.03 | 0.01 | 0.12 | 4.44 | 1.45 |
| Interest coverage | 2.2 | 2.5 | 4.9 | 10.2 | 18.8 | -3.4 | -9.6 | -9.2 |
| Asset turnover | — | — | 0.79 | 0.83 | 0.83 | 0.62 | 0.72 | 0.75 |
| Return ratios | ||||||||
| Return on assets % | — | — | 16.5% | 17.7% | 11.4% | -3.6% | -33.9% | -45.9% |
| Return on capital employed % | — | — | 56.8% | 43.6% | 17.9% | -4.3% | -48.9% | -72.7% |
| Return on equity % | — | — | 49.4% | 36.4% | 18.9% | -8.3% | -371.2% | -252% |
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.