Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 34.3% | 39% | 43.1% | 39.6% | 37.8% | 35.4% |
| EBIT margin % | 32.8% | 38.2% | 42% | 38.4% | 35.8% | 33% |
| PAT margin % | 23.5% | 27.7% | 29.7% | 26.4% | 22.4% | 17.8% |
| Working capital | ||||||
| Receivable days | — | — | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 |
| Payable days | 1,000 | 1,078 | — | — | — | — |
| NWC days | — | — | — | — | — | — |
| Leverage | ||||||
| Current ratio | 1.27 | 1.25 | — | — | — | — |
| Debt to EBITDA | 2.7 | 1.43 | 0.61 | 1.5 | 1.71 | 4.33 |
| Debt to equity | 1.04 | 0.79 | 0.36 | 0.83 | 0.6 | 1.29 |
| Interest coverage | 11.6 | 12.6 | 14.3 | 12.1 | 6.4 | 3.9 |
| Asset turnover | 0.26 | 0.31 | 0.4 | 0.32 | 0.31 | 0.21 |
| Return ratios | ||||||
| Return on assets % | 6.2% | 8.7% | 11.9% | 8.5% | 6.9% | 3.8% |
| Return on capital employed % | 39.5% | 66.5% | — | — | — | — |
| Return on equity % | 26.2% | 39.4% | 41.2% | 37% | 20.9% | 15% |
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.