Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | 89.4% |
| EBITDA margin % | 3.9% | 3.8% | 2.1% | 2.1% | 3.6% | 0.3% |
| EBIT margin % | 2.7% | 3% | 1.4% | 1.3% | 2% | -1.6% |
| PAT margin % | 1.7% | 2.6% | 1% | 1.1% | 0.7% | -2.3% |
| Working capital | ||||||
| Receivable days | — | — | — | — | 96 | 88 |
| Inventory days | — | — | — | — | 0 | 3 |
| Payable days | — | — | — | — | 10 | 83 |
| NWC days | — | — | — | — | 86 | 9 |
| Leverage | ||||||
| Current ratio | 2.45 | 4.54 | 6.84 | 5.06 | 2.05 | 1.73 |
| Debt to EBITDA | 2.15 | 0.8 | 0.26 | 1.98 | 4.87 | 68.67 |
| Debt to equity | 0.38 | 0.11 | 0.02 | 0.15 | 0.64 | 0.86 |
| Interest coverage | 4.5 | 7.1 | 4.6 | 5.2 | 1.9 | -0.3 |
| Asset turnover | 2.78 | 2.96 | 3.73 | 2.93 | 2.08 | 2.02 |
| Return ratios | ||||||
| Return on assets % | 4.8% | 7.6% | 3.7% | 3.2% | 1.4% | -4.6% |
| Return on capital employed % | 12.7% | 15.2% | 7.5% | 7.3% | 7.2% | -1.4% |
| Return on equity % | 7.8% | 9.5% | 4.3% | 4.1% | 2.5% | -9.3% |
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.