Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 76.6% | 74.4% | 77% | 80.6% | 77.7% | 76.9% | 74.3% | 71% |
| EBIT margin % | 76.3% | 74% | 76.6% | 80.3% | 77.5% | 76.6% | 73.9% | 70.6% |
| PAT margin % | 25.6% | — | 23.2% | 23.4% | 20.8% | 19.9% | 19.7% | 18.8% |
| Working capital | ||||||||
| Receivable days | — | — | 1 | 1 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 4.91 | 4.82 | 7.28 | 6.31 | 7.98 | 7.55 | 7.72 | 7.28 |
| Debt to equity | 2.48 | 2.98 | 2.98 | 2.9 | 4.03 | 4.17 | 3.51 | 3.47 |
| Interest coverage | 2.1 | 1.8 | 1.7 | 1.6 | 1.5 | 1.5 | 1.6 | 1.6 |
| Asset turnover | 0.15 | 0.18 | 0.12 | 0.13 | 0.12 | 0.13 | 0.13 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | 3.9% | — | 2.7% | 3% | 2.6% | 2.7% | 2.6% | 2.7% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 16.9% | — | 12.3% | 13.3% | 13.6% | 14.2% | 12% | 12.6% |
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.