Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | 34.1% | 27.4% | 24.9% | 27.2% | 34.9% | 35.1% | 36.7% |
| EBIT margin % | — | 33.5% | 26.8% | 24.4% | 26.6% | 34.3% | 34.5% | 36% |
| PAT margin % | 31.8% | 5.2% | 5.7% | 7.5% | 17.6% | 10% | 8.4% | 8.5% |
| Working capital | ||||||||
| Receivable days | 97 | 10 | 8 | 11 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | 0 | 0 | 1 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 9.71 | 9.97 | 10.49 | 11.33 | 9.1 | 9.79 | 10.72 |
| Debt to equity | 5.92 | 4.42 | 3.83 | 3.75 | 4.15 | 4.08 | 4.59 | 5.2 |
| Interest coverage | — | 1.2 | 1.3 | 1.6 | 2.1 | 1.6 | 1.5 | 1.4 |
| Asset turnover | 0.01 | 0.15 | 0.15 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 |
| Return ratios | ||||||||
| Return on assets % | 0.4% | 0.8% | 0.9% | 1.2% | 2.7% | 1.5% | 1.2% | 1.2% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 4.7% | 6.9% | 8% | 10.7% | 23.8% | 12.8% | 11.2% | 11.2% |
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.