Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 74.5% | 72.8% | 68.4% | 65.1% | 64.2% | 57.6% | 52.3% | 61.4% |
| EBIT margin % | 73.6% | 71.6% | 67.2% | 64% | 62.9% | 56.5% | 50.9% | 59.4% |
| PAT margin % | 29.4% | 22.7% | 25.3% | 26.8% | 21.7% | 0.7% | 17.7% | 29.4% |
| Working capital | ||||||||
| Receivable days | 157 | 34 | 57 | — | — | — | — | — |
| Inventory days | — | — | 0 | — | 32 | 26 | 23 | 29 |
| Payable days | 0 | 172 | 277 | — | — | — | — | — |
| NWC days | — | — | -220 | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 4.97 | 4.7 | 5.65 | 5.58 | 7.58 | 5.89 | 4.99 | 4.59 |
| Debt to equity | 3.2 | 2.08 | 1.77 | — | 1.95 | 1.9 | 1.17 | 1.08 |
| Interest coverage | 1.9 | 1.8 | 2 | 2.2 | 1.8 | 1.8 | 1.8 | 2.6 |
| Asset turnover | 0.17 | 0.17 | 0.14 | — | 0.11 | 0.16 | 0.18 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | 5% | 3.7% | 3.5% | — | 2.4% | 0.1% | 3.2% | 4.5% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 25.4% | 13.8% | 11.5% | — | 8.7% | 0.4% | 8% | 11.3% |
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.