Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 65.5% | 45.9% | 57.7% | 70.3% | 74.8% | 42.5% | 44% |
| EBIT margin % | 65.1% | 45.5% | 57.2% | 70.1% | 74.6% | 42.3% | 43.8% |
| PAT margin % | 19.6% | 5.6% | 13.6% | 22.1% | 26.2% | 7.1% | 8.8% |
| Working capital | |||||||
| Receivable days | — | — | — | — | — | — | — |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 5.04 | 8.23 | 7.34 | 5.38 | 3.49 | 3.97 | 6.24 |
| Debt to equity | 4.05 | 3.86 | 4.65 | 4.39 | 2.12 | 1.41 | 1.9 |
| Interest coverage | 1.6 | 1.2 | 1.5 | 1.7 | 1.9 | 1.3 | 1.4 |
| Asset turnover | 0.24 | 0.2 | 0.19 | 0.21 | 0.25 | 0.33 | 0.23 |
| Return ratios | |||||||
| Return on assets % | 4.6% | 1.1% | 2.6% | 4.6% | 6.6% | 2.3% | 2% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | 24.1% | 5.7% | 14.9% | 25.7% | 21.4% | 6% | 6.1% |
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.