Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | 3.6% | 2.9% | 3.6% |
| EBITDA margin % | -0.3% | 0.1% | 0.8% | 1.7% | 1.8% | 2.3% |
| EBIT margin % | -0.7% | -0.1% | 0.6% | 1.4% | 1.6% | 2% |
| PAT margin % | 1.7% | 0.6% | 0.5% | 0.5% | 0.7% | 1.2% |
| Working capital | ||||||
| Receivable days | — | — | — | 58 | 79 | 59 |
| Inventory days | — | — | — | 1 | 1 | 2 |
| Payable days | — | — | — | 18 | 24 | 18 |
| NWC days | — | — | — | 41 | 55 | 43 |
| Leverage | ||||||
| Current ratio | 2.25 | 2.14 | 1.62 | 1.27 | 1.35 | 1.23 |
| Debt to EBITDA | — | 27.06 | 7.46 | 7.37 | 6.34 | 6.34 |
| Debt to equity | 0.37 | 0.25 | 0.75 | 1.91 | 0.86 | 1.21 |
| Interest coverage | 3.3 | 3.5 | 3.6 | 1.9 | 2.3 | 1.7 |
| Asset turnover | 1.82 | 4.67 | 5.47 | 4.19 | 3.04 | 2.87 |
| Return ratios | ||||||
| Return on assets % | 3.1% | 2.7% | 2.6% | 1.9% | 2.3% | 3.4% |
| Return on capital employed % | 11.4% | 7.8% | 12.3% | 23.4% | 18.4% | 16.9% |
| Return on equity % | 5.5% | 4.8% | 6.3% | 7% | 5.8% | 9.8% |
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.