Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 2.4% | 3.3% | 3.7% | 3.1% | 2.6% | 2.9% |
| EBIT margin % | 1.3% | 2.2% | 2.7% | 2.2% | 1.8% | 2.2% |
| PAT margin % | 0% | 1% | 1.8% | 1.9% | 2.2% | 2.7% |
| Working capital | ||||||
| Receivable days | — | — | — | — | — | 74 |
| Inventory days | — | — | — | — | — | 0 |
| Payable days | — | — | — | — | — | 14 |
| NWC days | — | — | — | — | — | 61 |
| Leverage | ||||||
| Current ratio | 2.59 | 2.8 | 3.13 | 2.35 | 2.85 | 3.34 |
| Debt to EBITDA | 10.53 | 5.88 | 2.82 | 2.65 | 1.49 | 0.61 |
| Debt to equity | 0.47 | 0.39 | 0.25 | 0.2 | 0.11 | 0.05 |
| Interest coverage | 1 | 1.4 | 2 | 3.2 | 7.5 | 29.6 |
| Asset turnover | 1.12 | 1.31 | 1.62 | 1.51 | 2.04 | 2.19 |
| Return ratios | ||||||
| Return on assets % | 0% | 1.3% | 2.8% | 2.9% | 4.5% | 5.9% |
| Return on capital employed % | 5.6% | 5.4% | 6.9% | 6.1% | 6.8% | 8.3% |
| Return on equity % | 0% | 1.9% | 4.2% | 4.6% | 6.2% | 7.8% |
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.