Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 13.8% | 12.4% | 11.3% | 17% | 14% | -77% |
| EBIT margin % | 12.2% | 11.3% | 7.7% | 10.9% | 9.5% | -87.1% |
| PAT margin % | 7.6% | 7.7% | 5.9% | 7.2% | 6.8% | -66.4% |
| Working capital | ||||||
| Receivable days | — | — | — | 108 | 102 | 181 |
| Inventory days | — | — | — | 0 | 0 | 0 |
| Payable days | — | — | — | 50 | 45 | 63 |
| NWC days | — | — | — | 58 | 57 | 118 |
| Leverage | ||||||
| Current ratio | 1.86 | 1.98 | 2.06 | 2.27 | 3.26 | 2.28 |
| Debt to EBITDA | 1.1 | 1.22 | 1.47 | 1.12 | 1.08 | — |
| Debt to equity | 0.24 | 0.25 | 0.24 | 0.23 | 0.15 | 0.27 |
| Interest coverage | 6.7 | 8.5 | 4.2 | 3.3 | 5.5 | -24.4 |
| Asset turnover | 0.77 | 0.88 | 0.75 | 0.71 | 0.72 | 0.36 |
| Return ratios | ||||||
| Return on assets % | 5.8% | 6.8% | 4.5% | 5.1% | 4.9% | -24% |
| Return on capital employed % | 19.5% | 19.5% | 12.8% | 14.1% | 12.5% | -38.6% |
| Return on equity % | 12.2% | 12.6% | 8.4% | 8.9% | 6.7% | -39.4% |
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.