Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 23.6% | 21% | 21.3% | 19.3% |
| EBIT margin % | 18.3% | 14.2% | 13.6% | 10.8% |
| PAT margin % | 14.7% | 10.9% | 12.7% | 9.9% |
| Working capital | ||||
| Receivable days | 92 | 103 | 112 | 116 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 34 | 31 | 20 | 23 |
| NWC days | 57 | 72 | 92 | 93 |
| Leverage | ||||
| Current ratio | 1.59 | 1.5 | 1.49 | 1.34 |
| Debt to EBITDA | 0 | 0 | 0.97 | 0 |
| Debt to equity | 0 | 0 | 0.28 | 0 |
| Interest coverage | 35.7 | 34.4 | 11.9 | 5.4 |
| Asset turnover | 0.72 | 0.75 | 0.62 | 0.66 |
| Return ratios | ||||
| Return on assets % | 10.5% | 8.1% | 7.9% | 6.5% |
| Return on capital employed % | 25% | 22.7% | 20.6% | 14.6% |
| Return on equity % | 19.7% | 14.7% | 16.9% | 10.6% |
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.