Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | 33.8% | — |
| EBITDA margin % | 10.1% | 20.3% | 16% | 17% | 19.7% |
| EBIT margin % | 5.2% | 13.1% | 8.6% | 9.6% | 11.4% |
| PAT margin % | 3% | 8.3% | 6.1% | 4% | 5.4% |
| Working capital | |||||
| Receivable days | 58 | 28 | 22 | 23 | 23 |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 97 | 71 | 52 | 64 | 52 |
| NWC days | -38 | -44 | -30 | -41 | -29 |
| Leverage | |||||
| Current ratio | 0.85 | 0.83 | 0.97 | 1.08 | 1.01 |
| Debt to EBITDA | 7.94 | 0.22 | 0.32 | 0.88 | 0 |
| Debt to equity | 35.64 | 0.16 | 0.16 | 0.42 | 0 |
| Interest coverage | 4.2 | 3.3 | 2.6 | 2.4 | 1.8 |
| Asset turnover | 0.68 | 0.9 | 0.93 | 0.79 | 0.66 |
| Return ratios | |||||
| Return on assets % | 2.1% | 7.5% | 5.7% | 3.2% | 3.5% |
| Return on capital employed % | 5.7% | 27.3% | 11.8% | 11.5% | 11.3% |
| Return on equity % | 133.6% | 28.6% | 18.8% | 11.3% | 12.5% |
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.