Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 10.4% | 41.2% | 45.3% | 37.7% | 61.5% | 66.3% | 69.3% |
| EBIT margin % | 9.1% | 40.3% | 44.6% | 36.9% | 60.8% | 64% | 67.2% |
| PAT margin % | 3.5% | 23.8% | 37.4% | 27.6% | 47.4% | 45.7% | 48.7% |
| Working capital | |||||||
| Receivable days | 385 | 112 | 107 | 107 | 117 | 102 | 210 |
| Inventory days | 17 | 16 | 67 | 65 | 35 | 0 | 0 |
| Payable days | 2,215 | 1,682 | 1,906 | 1,221 | 1,069 | 1,114 | 1,610 |
| NWC days | -1,813 | -1,554 | -1,732 | -1,048 | -917 | -1,012 | -1,399 |
| Leverage | |||||||
| Current ratio | 0.8 | 1.27 | 1.29 | 1.47 | 1.7 | 2.76 | 2.6 |
| Debt to EBITDA | 1.72 | 0.08 | 0.26 | 0.05 | 0.71 | 0.04 | 0.1 |
| Debt to equity | 0.14 | 0.03 | 0.1 | 0.01 | 0.33 | 0.01 | 0.03 |
| Interest coverage | 1.5 | 17.9 | 36.3 | 11.1 | 13.6 | 11.9 | 36.8 |
| Asset turnover | 0.14 | 0.25 | 0.22 | 0.25 | 0.32 | 0.26 | 0.24 |
| Return ratios | |||||||
| Return on assets % | 0.5% | 5.9% | 8.3% | 7% | 15.2% | 12.1% | 11.5% |
| Return on capital employed % | 13.3% | 42.3% | 52.3% | 31.6% | 61% | 36.7% | 28.3% |
| Return on equity % | 2.7% | 22.6% | 32.2% | 19% | 35.6% | 18.7% | 18.7% |
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.