Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 66.3% | 69.9% | 59.6% | 56% | 58.8% | 59.3% | 60.4% | 61.1% |
| EBIT margin % | 65.7% | 69.3% | 59% | 55.2% | 57.9% | 58.4% | 59.5% | 60% |
| PAT margin % | 14.6% | 12% | 6.9% | 8.8% | 12% | 17.1% | 16.6% | 16.7% |
| Working capital | ||||||||
| Receivable days | 5 | — | 1 | 0 | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | 0.87 | — | — | — | — | — | — | — |
| Debt to EBITDA | 10.78 | 9.48 | 10.86 | 12.74 | 11.05 | 9.51 | 9.6 | 10.03 |
| Debt to equity | 5.27 | — | 4.72 | 4.27 | 3.86 | 3.27 | 3.61 | 3.93 |
| Interest coverage | 1.3 | 1.4 | 1.2 | 1.2 | 1.4 | 1.6 | 1.6 | 1.6 |
| Asset turnover | 0.11 | — | 0.13 | 0.11 | 0.12 | 0.13 | 0.13 | 0.13 |
| Return ratios | ||||||||
| Return on assets % | 1.6% | — | 0.9% | 1% | 1.4% | 2.3% | 2.2% | 2.1% |
| Return on capital employed % | 11.9% | — | — | — | — | — | — | — |
| Return on equity % | 10.8% | — | 5.1% | 5.3% | 7.1% | 9.9% | 10.3% | 10.7% |
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.