Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 37.3% | 34.4% | 55.6% | 49.3% | 44.9% | 57.5% | 54.9% | 41.3% |
| EBIT margin % | 36.4% | 32.7% | 54.3% | 48.2% | 43.5% | 56.4% | 53.8% | 40.1% |
| PAT margin % | 12.1% | 8% | 34.7% | 30.5% | 22.4% | 34.6% | 29.8% | 20% |
| Working capital | ||||||||
| Receivable days | — | — | 66 | 64 | — | 83 | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 630 | 579 | — | 646 | — | — |
| NWC days | — | — | -564 | -515 | — | -563 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 0.5 | 0.91 | — | 1.11 | — | — |
| Debt to EBITDA | — | — | 2.82 | 2.9 | 5.48 | 3.38 | 3.2 | 5.49 |
| Debt to equity | — | — | 1.28 | 1.08 | 1.64 | 1.57 | 1.33 | 1.65 |
| Interest coverage | 1.7 | 1.6 | 4.6 | 4.4 | 3.1 | 4 | 3.5 | 2.8 |
| Asset turnover | — | — | 0.26 | 0.25 | 0.18 | 0.22 | 0.25 | 0.22 |
| Return ratios | ||||||||
| Return on assets % | — | — | 8.9% | 7.8% | 4.1% | 7.7% | 7.4% | 4.3% |
| Return on capital employed % | — | — | 28.8% | 27.1% | — | 31.7% | — | — |
| Return on equity % | — | — | 28.2% | 23.1% | 15% | 28% | 22.6% | 14.5% |
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.