Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 70.2% | 66.4% | 61.4% | 65.5% | 64.2% | 62.4% | 55.1% | 62.3% |
| EBIT margin % | 70.2% | 64.2% | 59.6% | 63.7% | 62.3% | 60.6% | 53.2% | 60.7% |
| PAT margin % | 16.1% | 10.6% | 13% | 17.4% | 19.5% | 19.3% | 5.7% | 13.6% |
| Working capital | ||||||||
| Receivable days | 19 | 2 | 12 | 10 | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 9.8 | 8.81 | 8.99 | 7.98 | 7.47 | 7.3 | 9.08 | 8.32 |
| Debt to equity | 7.24 | 5.82 | 5.99 | 5.53 | 3.88 | 4.39 | 4.11 | 4.97 |
| Interest coverage | 1.4 | 1.3 | 1.4 | 1.5 | 1.7 | 1.7 | 1.3 | 1.4 |
| Asset turnover | 0.11 | 0.14 | 0.14 | 0.15 | 0.16 | 0.16 | 0.15 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | 1.8% | 1.5% | 1.9% | 2.6% | 3% | 3.2% | 0.9% | 2% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 17% | 10.6% | 14.1% | 18.4% | 15.8% | 18.6% | 4.7% | 13.1% |
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.