Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 11.6% | 22.9% | 31.1% | 31.7% | 29.5% |
| EBIT margin % | 4.9% | 18.2% | 25.7% | 25.2% | 22.4% |
| PAT margin % | 3.6% | 26.1% | 24.4% | 23.1% | 20.2% |
| Working capital | |||||
| Receivable days | 112 | 82 | 151 | 54 | 8 |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 18 | 1 | 17 | 29 |
| NWC days | 112 | 64 | 149 | 37 | -20 |
| Leverage | |||||
| Current ratio | 3.59 | 4.16 | 1.03 | 0.92 | 0.49 |
| Debt to EBITDA | 6.67 | 0 | 0 | 0 | 0 |
| Debt to equity | 2.23 | 0 | 0 | 0 | 0 |
| Interest coverage | 18.3 | 14.3 | 206.2 | 335.8 | 44.1 |
| Asset turnover | 0.78 | 0.65 | 0.61 | 0.66 | 0.62 |
| Return ratios | |||||
| Return on assets % | 2.8% | 17% | 14.8% | 15.2% | 12.5% |
| Return on capital employed % | 5.6% | 30.1% | 28.8% | 29% | 25.9% |
| Return on equity % | 10.3% | 19.4% | 24.4% | 23.3% | 17.2% |
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.