Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 16.1% | 12.4% | 1% | -10.5% | 14.4% | -110.8% |
| EBIT margin % | -1.1% | -2.3% | -17% | -42.2% | -17% | -110.8% |
| PAT margin % | -30.1% | -27.8% | 183.6% | -21.7% | 188.9% | -136.2% |
| Working capital | ||||||
| Receivable days | 87 | 80 | 279 | 961 | 832 | 1,135 |
| Inventory days | 18 | 19 | 17 | 0 | 0 | — |
| Payable days | 107 | 95 | 154 | 117 | 114 | — |
| NWC days | -1 | 5 | 141 | 844 | 719 | — |
| Leverage | ||||||
| Current ratio | 0.26 | 0.24 | 0.48 | 0.95 | 2.62 | 3.76 |
| Debt to EBITDA | 14.22 | 26.87 | 380.55 | — | 0 | — |
| Debt to equity | -5.66 | -5.41 | -19.9 | 0.34 | 0 | — |
| Interest coverage | 0.2 | 0.2 | 0.7 | 0.5 | -1.5 | -8 |
| Asset turnover | 0.21 | 0.24 | 0.13 | 0.09 | 0.12 | 0.08 |
| Return ratios | ||||||
| Return on assets % | -6.4% | -6.6% | 24.6% | -2% | 21.9% | -11.4% |
| Return on capital employed % | 4.4% | 2.7% | 4.3% | 2.4% | -1.8% | -10.2% |
| Return on equity % | 74.3% | 45% | -957% | -7.8% | 43% | -21.4% |
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.