Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 23.6% | 30.3% | 24.2% | 23.2% |
| EBIT margin % | 10% | 17.6% | 13.9% | 14.1% |
| PAT margin % | 6.3% | 12.6% | 12.9% | 12.2% |
| Working capital | ||||
| Receivable days | 101 | 149 | 105 | 113 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 15 | 12 | 9 | 14 |
| NWC days | 86 | 136 | 96 | 99 |
| Leverage | ||||
| Current ratio | 1.05 | 1.89 | 3.23 | 2.64 |
| Debt to EBITDA | 1.77 | 1.13 | 0.11 | 2.2 |
| Debt to equity | 1.06 | 0.42 | 0.02 | 0.36 |
| Interest coverage | 3.5 | 7.1 | 7.4 | 7.4 |
| Asset turnover | 1.03 | 0.67 | 0.51 | 0.37 |
| Return ratios | ||||
| Return on assets % | 6.5% | 8.5% | 6.6% | 4.6% |
| Return on capital employed % | 21% | 25.4% | 15.2% | 10.3% |
| Return on equity % | 15.9% | 15.3% | 8.2% | 8.6% |
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.