Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 90% | 84.6% | 85.6% | 87.5% | 84% | 81.3% | 28.3% | 41.6% |
| EBIT margin % | 90% | 83.7% | 84.6% | 86.7% | 83% | 80.3% | 27.3% | 40.5% |
| PAT margin % | 23.8% | 16.6% | 12.1% | 13.1% | 13% | 14.3% | -21% | -87.5% |
| Working capital | ||||||||
| Receivable days | 1 | 1 | 1 | 0 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 6.9 | 7.13 | 8.1 | 7.8 | 7.16 | 7.04 | 17.52 | 15.19 |
| Debt to equity | 6.42 | 5.13 | 4.26 | 3.68 | 3.02 | 2.45 | 1.96 | 2.72 |
| Interest coverage | 1.6 | 1.3 | 1.2 | 1.2 | 1.3 | 1.3 | 0.5 | 0.6 |
| Asset turnover | 0.13 | 0.13 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.11 |
| Return ratios | ||||||||
| Return on assets % | 3.1% | 2.1% | 1.3% | 1.4% | 1.5% | 1.7% | -2.6% | -9.6% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 24.6% | 14.2% | 7.4% | 7.1% | 6.5% | 6.1% | -8.3% | -37.6% |
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.