Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 24.3% | 25.5% | -17.1% | 13.7% | 14.2% | 12.1% |
| EBIT margin % | 14.1% | 14.8% | -37.1% | 8.1% | 10.4% | 9.7% |
| PAT margin % | 9.9% | 14.9% | -40.4% | 8.4% | 9.1% | 6.6% |
| Working capital | ||||||
| Receivable days | 199 | 156 | 354 | 163 | 176 | 160 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 194 | 134 | 125 | 101 | 130 | 120 |
| NWC days | 5 | 22 | 229 | 62 | 46 | 40 |
| Leverage | ||||||
| Current ratio | 1.44 | 2.29 | 1.92 | 2.19 | 2.03 | 2.11 |
| Debt to EBITDA | 0.04 | 0.11 | — | 0.51 | 0.36 | 1.66 |
| Debt to equity | 0.01 | 0.03 | 0.1 | 0.08 | 0.06 | 0.32 |
| Interest coverage | 52.9 | 51.2 | -14.9 | 15.1 | 14.1 | 8 |
| Asset turnover | 0.66 | 0.77 | 0.37 | 0.79 | 0.78 | 0.86 |
| Return ratios | ||||||
| Return on assets % | 6.5% | 11.5% | -15% | 6.6% | 7.1% | 5.6% |
| Return on capital employed % | 18.2% | 18.3% | -16.3% | 12.7% | 15.5% | 17.2% |
| Return on equity % | 11.1% | 16.1% | -22.3% | 9.2% | 10.6% | 10.5% |
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.