Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 4.2% | 4.7% | 4.4% | 4.2% | 3.1% | 2.6% | 3.5% |
| EBIT margin % | 3.6% | 4.3% | 4.1% | 3.9% | 2.8% | 2.3% | 3.2% |
| PAT margin % | 3.3% | 5.2% | 4.2% | 3.3% | 2.8% | 2% | 2.7% |
| Working capital | |||||||
| Receivable days | — | — | — | 79 | 75 | 83 | 57 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | 9 | 7 | 9 | 5 |
| NWC days | — | — | — | 71 | 67 | 73 | 53 |
| Leverage | |||||||
| Current ratio | — | — | — | 2.29 | 2.56 | 2.03 | 2.04 |
| Debt to EBITDA | — | — | — | 0.19 | 0.78 | 2 | 1.18 |
| Debt to equity | — | — | — | 0.03 | 0.08 | 0.21 | 0.19 |
| Interest coverage | 5.3 | 19.1 | 17.6 | 10.4 | 9.2 | 4.6 | 8 |
| Asset turnover | — | — | — | 2.75 | 2.37 | 2.4 | 2.74 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 9.2% | 6.6% | 4.7% | 7.4% |
| Return on capital employed % | — | — | — | 16.8% | 11.9% | 11.4% | 16.3% |
| Return on equity % | — | — | — | 13.4% | 9.7% | 8% | 12.4% |
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.