Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | 97.2% | 98.2% | — | — | — |
| EBITDA margin % | 15.8% | -42.9% | 9.1% | 16.2% | 23.5% | 33% |
| EBIT margin % | 7.8% | -50.8% | 1.2% | 8.6% | 17.1% | 28% |
| PAT margin % | 41.4% | -38.8% | 11.1% | 4.1% | 22.7% | 31.3% |
| Working capital | ||||||
| Receivable days | 69 | 48 | 52 | 55 | 49 | 44 |
| Inventory days | 3 | 51 | 0 | 0 | 0 | 0 |
| Payable days | 39 | 870 | 1,222 | 31 | 24 | 23 |
| NWC days | 33 | -770 | -1,170 | 24 | 26 | 21 |
| Leverage | ||||||
| Current ratio | 7.12 | 7.98 | 8.14 | 3.33 | 3.7 | 4.79 |
| Debt to EBITDA | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 11.9 | -17.5 | 8.9 | 11.6 | 15.6 | 24.7 |
| Asset turnover | 0.13 | 0.14 | 0.16 | 0.2 | 0.24 | 0.26 |
| Return ratios | ||||||
| Return on assets % | 5.4% | -5.3% | 1.7% | 0.8% | 5.4% | 8.1% |
| Return on capital employed % | 2.8% | -5.7% | 3.1% | 4.8% | 7.6% | 11.9% |
| Return on equity % | 6.2% | -6.1% | 2% | 1% | 6.5% | 9.8% |
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.