Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | — | 3.8% | 2.1% | 2.1% | 3.2% | 0.2% |
| EBIT margin % | — | 3% | 1.4% | 1.3% | 1.5% | -1.9% |
| PAT margin % | 1.7% | 2.6% | 1% | 1.1% | 0.4% | -2.8% |
| Working capital | ||||||
| Receivable days | 88 | 109 | 65 | 78 | 91 | 91 |
| Inventory days | — | — | 0 | 0 | 0 | 0 |
| Payable days | 37 | 27 | 7 | 8 | 11 | 9 |
| NWC days | — | — | 58 | 69 | 80 | 82 |
| Leverage | ||||||
| Current ratio | — | — | 7.22 | 5.23 | 1.89 | 1.61 |
| Debt to EBITDA | — | 1.87 | 0.26 | 1.98 | 5.28 | 100.53 |
| Debt to equity | 0.8 | 0.35 | 0.02 | 0.15 | 0.58 | 0.81 |
| Interest coverage | -1.3 | 7.1 | 4.6 | 5.2 | 1.6 | -0.6 |
| Asset turnover | 3.17 | 2.62 | 3.73 | 2.93 | 1.97 | 1.9 |
| Return ratios | ||||||
| Return on assets % | 5.4% | 6.8% | 3.7% | 3.2% | 0.7% | -5.2% |
| Return on capital employed % | — | — | 7.4% | 7.3% | 5.2% | -2.8% |
| Return on equity % | 16.6% | 12.8% | 4.3% | 4.1% | 1.2% | -10.4% |
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.