Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 15.2% | 26% | 26.5% | 10.5% | -11% | -5.1% | -5.1% | 9.2% |
| EBIT margin % | 13.9% | 21.9% | 22.8% | 7.6% | -16% | -10.1% | -10.1% | 4.9% |
| PAT margin % | 7.2% | -73.7% | 13.9% | 6.3% | -18.4% | -61.9% | -11% | 10.2% |
| Working capital | ||||||||
| Receivable days | 90 | 92 | 98 | 106 | 118 | 120 | 99 | 122 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 10 | 22 | 17 | 20 | 15 | 27 | 26 | 36 |
| NWC days | — | — | 80 | 86 | 103 | 93 | 74 | 86 |
| Leverage | ||||||||
| Current ratio | 2.24 | 2.71 | 3.23 | 3.9 | 3.05 | 2.39 | 2.12 | 2.64 |
| Debt to EBITDA | — | 0.06 | 0.06 | 0 | — | — | — | 0 |
| Debt to equity | — | 0.01 | 0.01 | 0 | 0.02 | 0 | 0 | 0 |
| Interest coverage | 22.8 | 15.2 | 30.2 | 18.4 | -14.1 | -9.3 | -9.8 | 13.9 |
| Asset turnover | 0.39 | 0.54 | 0.51 | 0.46 | 0.4 | 0.58 | 0.59 | 0.51 |
| Return ratios | ||||||||
| Return on assets % | 2.8% | -39.5% | 7.1% | 2.9% | -7.3% | -36.2% | -6.5% | 5.2% |
| Return on capital employed % | 6.1% | 12.2% | 14.7% | 5.6% | -5.8% | -4.7% | -5.4% | 11% |
| Return on equity % | 3.2% | -52.2% | 9.4% | 3.7% | -9.8% | -57.5% | -10.3% | 8.3% |
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.