Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 24% | 23.5% | 25.7% |
| EBIT margin % |
| 22.7% |
| 22.1% |
| 24.2% |
| PAT margin % | 18.7% | 18.8% | 18.8% |
| Working capital | |||
| Receivable days | 99 | 128 | 105 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 77 | 122 | 85 |
| NWC days | 22 | 6 | 21 |
| Leverage | |||
| Current ratio | 2.53 | 2.15 | 2.86 |
| Debt to EBITDA | 0.12 | 0.06 | 0.04 |
| Debt to equity | 0.07 | 0.03 | 0.02 |
| Interest coverage | 682.7 | 117.6 | 134.8 |
| Asset turnover | 1.39 | 1.23 | 1.18 |
| Return ratios | |||
| Return on assets % | 25.9% | 23.2% | 22.2% |
| Return on capital employed % | 53.8% | 68.9% | 53.6% |
| Return on equity % | 44.4% | 42.9% | 34.9% |
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.