Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 24.6% | 33.8% | 36.8% | 40.7% |
| EBIT margin % | 21.3% | 30.9% | 33.8% | 37.9% |
| PAT margin % | 8.1% | 11.3% | 12.3% | 13.9% |
| Working capital | ||||
| Receivable days | 159 | 132 | 109 | 123 |
| Inventory days | — | — | — | 0 |
| Payable days | — | — | — | 3,160 |
| NWC days | — | — | — | -3,037 |
| Leverage | ||||
| Current ratio | — | — | — | 1.25 |
| Debt to EBITDA | 1.15 | 1.1 | 0.47 | 2.19 |
| Debt to equity | 0.5 | 0.65 | 0.29 | 0.62 |
| Interest coverage | 2 | 2.2 | 2 | 1.9 |
| Asset turnover | 0.29 | 0.26 | 0.25 | 0.13 |
| Return ratios | ||||
| Return on assets % | 2.3% | 3% | 3.1% | 1.8% |
| Return on capital employed % | — | — | — | 23.9% |
| Return on equity % | 14.2% | 19.7% | 20.6% | 9.6% |
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.