Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 67.9% | 60.8% | ||
| 52.1% |
| 53.8% |
| EBIT margin % | 67% | 59.9% | 51.3% | 53.1% |
| PAT margin % | 18.6% | 16.8% | 12.9% | 15% |
| Working capital | ||||
| Receivable days | 8 | 5 | — | — |
| Inventory days | — | — | 0 | 0 |
| Payable days | — | 63 | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | 7.94 | 7.88 | 8.08 | 8.47 |
| Debt to equity | 3.76 | 4.05 | 2.87 | 3.15 |
| Interest coverage | 1.6 | 1.6 | 1.5 | 1.6 |
| Asset turnover | 0.14 | 0.16 | 0.17 | 0.16 |
| Return ratios | ||||
| Return on assets % | 2.6% | 2.7% | 2.2% | 2.4% |
| Return on capital employed % | — | — | — | — |
| Return on equity % | 12.9% | 14.2% | 8.8% | 10.4% |
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.