Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 39.3% | 62.2% | 46.7% | 54.9% | 66.6% | 71.9% | 47.2% | 49.4% |
| EBIT margin % | 38.7% | 61% | 44.9% | 53.1% | 65.2% | 70.9% | 46.1% | 48.3% |
| PAT margin % | 25.1% | 19.7% | 5.3% | 13% | 23.3% | 28% | 9.2% | 12.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 49 | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 9.33 | 8.99 | 9.53 | 8.59 | 6.9 | 5.88 | 7.53 | 7.9 |
| Debt to equity | 1.99 | 3.49 | 2.96 | 3.25 | 3.19 | 3.32 | 2.94 | 3.01 |
| Interest coverage | — | 1.8 | 1.2 | 1.5 | 1.9 | 2.1 | 1.4 | 1.5 |
| Asset turnover | 0.17 | 0.14 | 0.16 | 0.16 | 0.16 | 0.18 | 0.21 | 0.19 |
| Return ratios | ||||||||
| Return on assets % | 4.4% | 2.7% | 0.9% | 2.1% | 3.8% | 5% | 1.9% | 2.4% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 13.6% | 12.3% | 3.6% | 9% | 16.2% | 22% | 7.6% | 9.9% |
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.