Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 45% | 41.4% | 43.8% | 43.9% | 40.7% |
| EBIT margin % | 39.2% | 34.9% | 37.4% | 38% | 34.1% |
| PAT margin % | 23.2% | 27.2% | 29.4% | 30.5% | 26.4% |
| Working capital | |||||
| Receivable days | 64 | 64 | 66 | 64 | 76 |
| Inventory days | — | 0 | 0 | 0 | 0 |
| Payable days | 0 | 23 | 27 | 40 | 37 |
| NWC days | — | 42 | 39 | 24 | 39 |
| Leverage | |||||
| Current ratio | 2.75 | 2.04 | 5.14 | 5.19 | 3.28 |
| Debt to EBITDA | 0.88 | 0.44 | 0 | 0 | 0 |
| Debt to equity | 0.39 | 0.15 | 0 | 0 | 0 |
| Interest coverage | 4.9 | 25.3 | 40.1 | 96.6 | 103.6 |
| Asset turnover | 0.62 | 0.58 | 0.59 | 0.62 | 0.47 |
| Return ratios | |||||
| Return on assets % | 14.5% | 15.6% | 17.3% | 19% | 12.4% |
| Return on capital employed % | 27.8% | 27.7% | 29.1% | 31.4% | 23.8% |
| Return on equity % | 23.1% | 22.5% | 21.6% | 23.6% | 20.5% |
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.