Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 40.2% | 40.2% | 38.4% | 39.2% | 34.4% | 40.5% | 41.5% | 35% |
| EBIT margin % | 40.2% | 32.6% | 32.6% | 34% | 29.4% | 35.2% | 39.2% | 32.4% |
| PAT margin % | 20.5% | 32.3% | 27.9% | 24.8% | 18.5% | 23.8% | 29.6% | 23.3% |
| Working capital | ||||||||
| Receivable days | 11 | 16 | 16 | 8 | — | — | — | — |
| Inventory days | — | 11 | 2 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 3.42 | 1.58 | 0.96 | 1.26 | 1.04 | 1.32 | 0.94 | 2.15 |
| Debt to equity | 1.84 | 0.52 | 0.3 | 0.51 | 0.36 | 0.65 | 0.37 | 0.59 |
| Interest coverage | 3.3 | 3 | 6.7 | 5 | 5.5 | 5.6 | 6.1 | 4.6 |
| Asset turnover | 0.29 | 0.3 | 0.22 | 0.2 | 0.26 | 0.27 | 0.3 | 0.25 |
| Return ratios | ||||||||
| Return on assets % | 6% | 9.6% | 6.2% | 5.1% | 4.8% | 6.5% | 9% | 5.9% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 27.5% | 26.6% | 22.8% | 25.9% | 18.5% | 28.7% | 28.4% | 18.4% |
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.