Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 38.6% | 36.9% | 22.2% | 49.8% | 42.7% | 48.4% | 26.6% | -88.2% |
| EBIT margin % | 38.6% | 36.9% | 22.2% | 49.8% | 42.7% | 42.7% | 12.6% | -97.6% |
| PAT margin % | 11.2% | 21.3% | 4.4% | 10.6% | 0.5% | 6.8% | -30.1% | -136.5% |
| Working capital | ||||||||
| Receivable days | 7 | 23 | 26 | 64 | 116 | — | — | — |
| Inventory days | — | — | — | — | — | 0 | 0 | 0 |
| Payable days | — | — | 6 | 5 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 5.47 | 3.07 | 12.28 | 8.23 | 8.42 | 8.75 | 9.94 | — |
| Debt to equity | 3.22 | 0.69 | 0.81 | 1.65 | 2.05 | 3.24 | 3.21 | 6.5 |
| Interest coverage | 1.5 | 4.3 | 1.7 | 1.4 | 1 | 1.1 | 0.3 | -1 |
| Asset turnover | 0.35 | 0.39 | 0.16 | 0.15 | 0.18 | 0.18 | 0.28 | 0.21 |
| Return ratios | ||||||||
| Return on assets % | 3.9% | 8.4% | 0.7% | 1.6% | 0.1% | 1.2% | -8.5% | -28.8% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 17.1% | 13% | 1.3% | 4.2% | 0.3% | 5.2% | -36.5% | -220.9% |
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.