Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 77.3% | — | 70.6% | 39.2% | 65.3% | 72.2% |
| EBITDA margin % | 23.3% | 38% | 16.3% | 14.7% | 9.5% | 8.8% |
| EBIT margin % | 22% | 36.3% | 14.7% | 13.2% | 6.5% | 6% |
| PAT margin % | 21% | 34.8% | 13.4% | 13% | -0.1% | 0.8% |
| Working capital | ||||||
| Receivable days | 13 | 18 | 12 | 36 | 14 | 19 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | — |
| Payable days | 19 | 9 | 16 | 17 | 10 | — |
| NWC days | -5 | 9 | -4 | 19 | 4 | — |
| Leverage | ||||||
| Current ratio | 62.97 | 70.2 | 129.32 | 15.79 | 37.71 | 33.52 |
| Debt to EBITDA | 0 | 0.14 | 0.21 | 0.09 | 0.19 | 0.12 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 473 | 225 | 60 | 47.9 | 7.3 | 17.7 |
| Asset turnover | 0.13 | 0.09 | 0.12 | 0.18 | 0.1 | 0.1 |
| Return ratios | ||||||
| Return on assets % | 2.8% | 3% | 1.6% | 2.3% | -0% | 0.1% |
| Return on capital employed % | 2.9% | 3.6% | 1.8% | 3.3% | 0.8% | 0.7% |
| Return on equity % | 2.9% | 3.1% | 1.6% | 2.5% | -0% | 0.1% |
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.