Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 12.8% | 1.6% | -8.8% | -37% | 10.3% | ||
| 10.2% |
| 9.4% |
| EBITDA margin % | 5.5% | -7.7% | -17.6% | -56.1% | -0.7% | 3.9% | 4% |
| EBIT margin % | 5.2% | -8% | -17.9% | -56.8% | -1.3% | 3.7% | 3.9% |
| PAT margin % | 5.5% | -5.7% | -17.6% | -58.3% | -6.9% | 1.4% | -3.9% |
| Working capital | |||||||
| Receivable days | — | 61 | 55 | 143 | 100 | 73 | 87 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 136 | 91 | 86 | 202 | 177 | 134 |
| NWC days | — | -74 | -35 | 57 | -102 | -105 | -46 |
| Leverage | |||||||
| Current ratio | — | 1.16 | 1.29 | 1.1 | 1.35 | 1.28 | 1.16 |
| Debt to EBITDA | — | — | — | — | — | 3.65 | 3.85 |
| Debt to equity | — | 0.71 | 0.47 | -9.02 | 0.49 | 0.9 | 1.79 |
| Interest coverage | 3 | -2.7 | -10.9 | -7.1 | 0.2 | 2.5 | 3.2 |
| Asset turnover | — | 1.37 | 1.49 | 0.63 | 0.71 | 1.12 | 1.42 |
| Return ratios | |||||||
| Return on assets % | — | -7.8% | -26.2% | -36.8% | -4.9% | 1.5% | -5.6% |
| Return on capital employed % | — | -35.6% | -102.1% | -144.7% | 5.3% | 19.1% | 35.3% |
| Return on equity % | — | -43.8% | -99.9% | 522% | -21.7% | 8.5% | -45.5% |
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.