Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 21.6% | 23.3% | ||
| 21.5% |
| 18.8% |
| EBIT margin % | 18.1% | 19.5% | 17.7% | 14.9% |
| PAT margin % | 14.1% | 13.7% | 13.8% | 12.7% |
| Working capital | ||||
| Receivable days | 58 | 53 | 56 | 71 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 34 | 28 | 28 | 30 |
| NWC days | 23 | 25 | 28 | 40 |
| Leverage | ||||
| Current ratio | 1.69 | 1.66 | 1.88 | 1.73 |
| Debt to EBITDA | 0.39 | 0.26 | 0.2 | 0.73 |
| Debt to equity | 0.15 | 0.1 | 0.06 | 0.17 |
| Interest coverage | 18.2 | 10.2 | 16.2 | 14.3 |
| Asset turnover | 0.8 | 0.76 | 0.76 | 0.64 |
| Return ratios | ||||
| Return on assets % | 11.3% | 10.5% | 10.4% | 8.1% |
| Return on capital employed % | 24.3% | 29% | 25.7% | 19.4% |
| Return on equity % | 25% | 21.8% | 18.8% | 16.1% |
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.