Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 49.8% | 51.4% | 50.8% | 52.6% | 55.9% | 56.9% | 55.1% |
| EBIT margin % | 48.7% | 50.4% | 49.7% | 51.6% | 54.9% | 56% | 54.3% |
| PAT margin % | 8.9% | 12.7% | 15.3% | 15.5% | 14.9% | 14.3% | 14% |
| Working capital | |||||||
| Receivable days | 1 | 1 | 2 | — | — | — | — |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 8.42 | 8.92 | 9.31 | 10.18 | 9.3 | 9.25 | 9.77 |
| Debt to equity | 12.01 | 11.85 | 10.74 | 12.69 | 13.09 | 13.93 | 13.61 |
| Interest coverage | 1.4 | 1.5 | 1.7 | 1.7 | 1.6 | 1.5 | 1.5 |
| Asset turnover | 0.17 | 0.16 | 0.15 | 0.14 | 0.15 | 0.15 | 0.15 |
| Return ratios | |||||||
| Return on assets % | 1.5% | 2% | 2.3% | 2.1% | 2.2% | 2.1% | 2% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | 25.4% | 32.8% | 34.7% | 36.7% | 37.6% | 37.9% | 35.5% |
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.