Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 88.2% | 90.1% | 89.3% | 94.8% | 100.5% | 97% | 97.2% |
| EBIT margin % | 88.2% | 90% | 89.2% | 94.7% | 100.4% | 96.9% | 97.2% |
| PAT margin % | 15.2% | 21.9% | 24.6% | 27.3% | 29.1% | 28.7% | 29.1% |
| Working capital | |||||||
| Receivable days | 1 | 1 | 1 | — | — | — | — |
| Inventory days | — | — | — | 0 | — | 0 | 0 |
| Payable days | 3 | 4 | 2 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 10.88 | 10.22 | 9.7 | 10.22 | — | 9.41 | 9.02 |
| Debt to equity | 12.08 | 10.86 | 9.21 | 8.93 | — | 8.25 | 7.62 |
| Interest coverage | 1.3 | 1.4 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 |
| Asset turnover | 0.09 | 0.09 | 0.1 | 0.09 | 0.09 | 0.09 | 0.09 |
| Return ratios | |||||||
| Return on assets % | 1.4% | 2% | 2.4% | 2.4% | 2.5% | 2.6% | 2.7% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | 19.2% | 25.9% | 26.2% | 25.2% | 26.2% | 25.9% | 25.3% |
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.