Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 2.5% | 8.3% | 15% | 19.8% | 21.6% | 18.5% |
| EBIT margin % | -11.9% | 0.1% | 8.6% | 15.5% | 18.3% | 14.1% |
| PAT margin % | -11.4% | 2.3% | 12.1% | 15.2% | 19.4% | 10.7% |
| Working capital | ||||||
| Receivable days | 97 | 100 | 104 | 78 | 72 | 94 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 36 | 45 | 62 | 38 | 42 | 59 |
| NWC days | 61 | 55 | 41 | 40 | 29 | 36 |
| Leverage | ||||||
| Current ratio | 2.94 | 4.08 | 2.62 | 5.3 | 7.34 | 1.41 |
| Debt to EBITDA | 18.18 | 0 | 0 | 0 | 0 | 2.73 |
| Debt to equity | 0.46 | 0 | 0 | 0 | 0 | 0.46 |
| Interest coverage | -2 | 3.3 | 45.5 | 138.9 | 215.4 | 10.1 |
| Asset turnover | 0.57 | 0.47 | 0.6 | 0.55 | 0.57 | 0.51 |
| Return ratios | ||||||
| Return on assets % | -6.5% | 1.1% | 7.2% | 8.4% | 11% | 5.5% |
| Return on capital employed % | -4.7% | 3.4% | 9.8% | 17% | 17.1% | 13.8% |
| Return on equity % | -11.7% | 1.4% | 9.6% | 10% | 12.4% | 9.7% |
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.