Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | -63.1% | -47.1% | -20.4% | -9.1% | -21.8% | 6% |
| EBIT margin % | -69.4% | -52% | -26.5% | -16.5% | -31.6% | -0.8% |
| PAT margin % | -60.7% | -48.2% | -22.2% | -14.3% | -9.6% | 6.5% |
| Working capital | ||||||
| Receivable days | 61 | 55 | 57 | 60 | 69 | 51 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 48 | 37 | 33 | 23 | 32 | 41 |
| NWC days | 13 | 17 | 25 | 37 | 36 | 10 |
| Leverage | ||||||
| Current ratio | 3.43 | 3.22 | 3.12 | 3.46 | 2.76 | 2.55 |
| Debt to EBITDA | — | — | — | — | — | 0 |
| Debt to equity | 0.08 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | -44.9 | -58.3 | -73.3 | -45.1 | -88.7 | 43.8 |
| Asset turnover | 0.31 | 0.28 | 0.44 | 0.58 | 0.32 | 0.35 |
| Return ratios | ||||||
| Return on assets % | -18.6% | -13.3% | -9.9% | -8.3% | -3.1% | 2.3% |
| Return on capital employed % | -22.3% | -21.2% | -12.1% | -8.1% | -10.1% | 5% |
| Return on equity % | -26% | -16.9% | -13.6% | -10.7% | -4.4% | 3.4% |
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.