Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 17.2% | 19.5% | 18.8% | 17.6% |
| EBIT margin % | 14.6% | 16.6% | 16% | 14% |
| PAT margin % | 11.5% | 13% | 14.3% | 11.4% |
| Working capital | ||||
| Receivable days | — | 91 | 97 | 102 |
| Inventory days | — | 0 | 0 | 0 |
| Payable days | 0 | 21 | 15 | 23 |
| NWC days | — | 71 | 82 | 79 |
| Leverage | ||||
| Current ratio | 2.96 | 2.93 | 4.48 | 2.41 |
| Debt to EBITDA | 1.17 | 0.8 | 0 | 0 |
| Debt to equity | 0.44 | 0.28 | 0 | 0 |
| Interest coverage | 12.6 | 10.2 | 25.5 | 29.3 |
| Asset turnover | 1.05 | 1.02 | 0.85 | 0.76 |
| Return ratios | ||||
| Return on assets % | 12.1% | 13.2% | 12.2% | 8.7% |
| Return on capital employed % | 23% | 27.7% | 23.9% | 17.9% |
| Return on equity % | 25% | 23.6% | 15.5% | 12.8% |
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.