Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 35.5% | 49.5% | ||
| 53.3% |
| 52.7% |
| EBIT margin % | 35.5% | 45.2% | 51% | 50.3% |
| PAT margin % | 13.8% | 19.8% | 23.7% | 22.5% |
| Working capital | ||||
| Receivable days | 147 | — | — | — |
| Inventory days | — | 0 | 0 | 0 |
| Payable days | 2 | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | 6.89 | 4.33 | 3.54 | 4.73 |
| Debt to equity | 2.4 | 2.33 | 2.25 | 2.8 |
| Interest coverage | 2 | 2.3 | 2.6 | 2.4 |
| Asset turnover | 0.17 | 0.15 | 0.15 | 0.13 |
| Return ratios | ||||
| Return on assets % | 2.4% | 3.1% | 3.5% | 3% |
| Return on capital employed % | — | — | — | — |
| Return on equity % | 13.5% | 21.6% | 28.2% | 25.2% |
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.