Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | -8% | 0.6% | ||
| 2.3% |
| 5% |
| EBIT margin % | -9.7% | -0.9% | -0.4% | 2.2% |
| PAT margin % | -10.1% | -0.6% | 0.3% | 2.7% |
| Working capital | ||||
| Receivable days | 40 | 36 | 48 | 45 |
| Inventory days | — | — | — | 0 |
| Payable days | 0 | 1 | 3 | 35 |
| NWC days | — | — | — | 10 |
| Leverage | ||||
| Current ratio | 1.39 | 1.8 | 1.81 | 1.84 |
| Debt to EBITDA | — | 2.77 | 0.11 | 0 |
| Debt to equity | 0.35 | 0.18 | 0.02 | 0 |
| Interest coverage | -10 | -0.7 | 1.4 | 6.6 |
| Asset turnover | 3.2 | 2.4 | 1.97 | 1.48 |
| Return ratios | ||||
| Return on assets % | -32.2% | -1.5% | 0.5% | 3.9% |
| Return on capital employed % | -61.4% | -1.4% | 3.4% | 9.6% |
| Return on equity % | -83.2% | -6.9% | 1.6% | 6.4% |
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.