Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 24.8% | 23.6% | 25.1% | 20.7% | 17.2% | 17.4% |
| EBIT margin % | 21.8% | 20.6% | 22.2% | 17.1% | 12.9% | 13.6% |
| PAT margin % | 21% | 16.6% | 16.2% | 15.3% | 9% | 9.2% |
| Working capital | ||||||
| Receivable days | 58 | 56 | 54 | 57 | 63 | 62 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 28 | 27 | 24 | 22 | 22 | 18 |
| NWC days | 29 | 29 | 30 | 35 | 41 | 43 |
| Leverage | ||||||
| Current ratio | 2.67 | 2.53 | 1.86 | 3.14 | 1.66 | 1.48 |
| Debt to EBITDA | 0.87 | 0.74 | 1.3 | 1.32 | 3.28 | 3.5 |
| Debt to equity | 0.3 | 0.29 | 0.56 | 0.3 | 0.74 | 0.84 |
| Interest coverage | 27.7 | 26.3 | 15.5 | 8.6 | 3.7 | 4.1 |
| Asset turnover | 0.84 | 0.97 | 0.87 | 0.72 | 0.61 | 0.64 |
| Return ratios | ||||||
| Return on assets % | 17.6% | 16.1% | 14.1% | 11.1% | 5.5% | 5.9% |
| Return on capital employed % | 30% | 37.4% | 37.1% | 26.4% | 19.2% | 18.3% |
| Return on equity % | 29.8% | 27.2% | 27.5% | 16.8% | 11.7% | 12.6% |
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.