Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 20.9% | 17.3% | 26.5% | 25.2% | 21.8% | 26.6% | 20.7% | 5.5% |
| EBIT margin % | 19.7% | 15.6% | 23.9% | 23.1% | -107.2% | 8.8% | 7.2% | 2.7% |
| PAT margin % | 15.9% | 11.9% | 20.5% | 19.2% | -435.1% | 86.3% | 11.6% | 6.1% |
| Working capital | ||||||||
| Receivable days | 140 | 166 | 158 | 157 | 92 | 217 | 104 | 86 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 63 | 42 | 39 | 193 | 133 | 88 |
| NWC days | — | — | 95 | 115 | 53 | 24 | -29 | -2 |
| Leverage | ||||||||
| Current ratio | 2.96 | 3.07 | 3.66 | 3.2 | 1.23 | 6.92 | 11.2 | 1.52 |
| Debt to EBITDA | 3.15 | 2.76 | 2.31 | 1.64 | 1.23 | 0.14 | 0 | 2.8 |
| Debt to equity | 0.13 | 0.06 | 0.07 | 0.05 | 0.09 | 0 | 0 | 0.07 |
| Interest coverage | 3.6 | 2.7 | 7.6 | 9.8 | -33.2 | 3.6 | 35.5 | 11.2 |
| Asset turnover | 0.15 | 0.1 | 0.09 | 0.1 | 0.2 | 0.09 | 0.12 | 0.36 |
| Return ratios | ||||||||
| Return on assets % | 2.3% | 1.2% | 1.9% | 1.8% | -86.4% | 8.2% | 1.4% | 2.2% |
| Return on capital employed % | 5% | 2.9% | 3% | 3.1% | -20.4% | 1.7% | 2.4% | 4.6% |
| Return on equity % | 3% | 1.5% | 2.4% | 2.4% | -150.9% | 8.9% | 1.5% | 2.9% |
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.