Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 91.9% | 89.9% | 84.9% | 87% | 89.9% | 94.3% | 93.6% |
| EBIT margin % | 91.7% | 89.6% | 84.6% | 86.6% | 89.6% | 93.9% | 93.2% |
| PAT margin % | 12.2% | 13.8% | 11.5% | 12.7% | 17.5% | 19.4% | 19.4% |
| Working capital | |||||||
| Receivable days | 0 | 0 | 0 | — | — | — | — |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | 1 | 0 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 10.54 | 11.63 | 13.18 | 12.39 | 10.3 | 10.21 | 10.28 |
| Debt to equity | 10.47 | 10.09 | 9.03 | 9 | 8.02 | 7.44 | 6.69 |
| Interest coverage | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.4 | 1.4 |
| Asset turnover | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 |
| Return ratios | |||||||
| Return on assets % | 1.1% | 1.2% | 0.9% | 1% | 1.6% | 1.7% | 1.7% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | 13.2% | 13.3% | 9.2% | 10.6% | 15.1% | 15% | 13.5% |
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.