Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 89.8% | 79.5% | 83.5% | 83.9% | 81.3% | 88.8% | 92.2% | 94.5% |
| EBIT margin % | 89.8% | 78.7% | 82.7% | 83% | 80.5% | 88.1% | 91.5% | 93.7% |
| PAT margin % | 15.5% | 7.6% | 12.2% | 13.5% | 16% | 21.4% | 25.3% | 26.9% |
| Working capital | ||||||||
| Receivable days | — | 2 | 2 | 3 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 59 | 18 | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 10.42 | 10.04 | 9.36 | 10.19 | 10.1 | 8.79 | 8.82 | 8.86 |
| Debt to equity | 9.53 | 8.47 | 6.66 | 5.36 | 4.87 | 3.67 | 3.7 | 3.7 |
| Interest coverage | 1.3 | 1.1 | 1.2 | 1.3 | 1.3 | 1.5 | 1.5 | 1.6 |
| Asset turnover | 0.09 | 0.11 | 0.11 | 0.09 | 0.1 | 0.1 | 0.09 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | 1.4% | 0.8% | 1.3% | 1.3% | 1.6% | 2.1% | 2.3% | 2.5% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 15.8% | 8.1% | 10.4% | 8.5% | 9.5% | 10.1% | 11.5% | 11.9% |
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.