Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 41.1% | 42.3% | 36% | 44.7% | 37.6% | 32.3% |
| EBIT margin % | 40% | 41.6% | 34.6% | 43.7% | 36.4% | 30.6% |
| PAT margin % | 30% | 29.7% | 21.2% | 30% | 23.7% | 15.3% |
| Working capital | ||||||
| Receivable days | 480 | 514 | — | — | — | — |
| Inventory days | 195 | 100 | 0 | 0 | 0 | 0 |
| Payable days | 841 | 880 | — | — | — | — |
| NWC days | -166 | -266 | — | — | — | — |
| Leverage | ||||||
| Current ratio | 1.65 | 1.65 | — | — | — | — |
| Debt to EBITDA | 1.18 | 1.15 | 1.21 | 0.94 | 1.03 | 3.6 |
| Debt to equity | 0.31 | 0.36 | 0.23 | 0.31 | 0.25 | 0.54 |
| Interest coverage | 13.6 | 11.8 | 5.3 | 8.2 | 4.6 | 2.9 |
| Asset turnover | 0.25 | 0.29 | 0.26 | 0.3 | 0.31 | 0.19 |
| Return ratios | ||||||
| Return on assets % | 7.5% | 8.7% | 5.6% | 9% | 7.5% | 2.9% |
| Return on capital employed % | 23.5% | 32.5% | — | — | — | — |
| Return on equity % | 19% | 22% | 11.3% | 21.9% | 15.3% | 7.1% |
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.