Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 22.1% | 23.7% | 23.1% | 15.9% | 17.1% |
| EBIT margin % | 19.8% | 21.5% | 20.9% | 13.8% | 15.1% |
| PAT margin % | 15.7% | 16.8% | 15.5% | 11.8% | 12% |
| Working capital | |||||
| Receivable days | 60 | 51 | 51 | 57 | 46 |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 6 | 2 | 0 | 0 | 0 |
| NWC days | 55 | 48 | 51 | 57 | 46 |
| Leverage | |||||
| Current ratio | 8.24 | 4.05 | 5.86 | 6.85 | 5.43 |
| Debt to EBITDA | 0 | 0.21 | 0 | 0 | 0 |
| Debt to equity | 0 | 0.06 | 0 | 0 | 0 |
| Interest coverage | 35 | 32 | 33.1 | 26.9 | 21.8 |
| Asset turnover | 1.17 | 1.04 | 1.24 | 1.1 | 0.96 |
| Return ratios | |||||
| Return on assets % | 18.4% | 17.3% | 19.1% | 12.9% | 11.5% |
| Return on capital employed % | 27.6% | 30.9% | 31.9% | 20.9% | 18.5% |
| Return on equity % | 22% | 22.1% | 22.3% | 14.8% | 13% |
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.