Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 15.9% | 10.1% | ||
| 9.6% |
| 11.6% |
| EBIT margin % | 13.4% | 7% | 6.3% | 6.9% |
| PAT margin % | 14.4% | 11% | 11% | 10.1% |
| Working capital | ||||
| Receivable days | 103 | 78 | 63 | 75 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 77 | 55 | 50 | 56 |
| NWC days | 26 | 23 | 13 | 19 |
| Leverage | ||||
| Current ratio | 1.79 | 1.95 | 2.08 | 2 |
| Debt to EBITDA | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 |
| Interest coverage | 152 | 77.6 | 51.6 | 21.2 |
| Asset turnover | 0.67 | 0.74 | 0.64 | 0.68 |
| Return ratios | ||||
| Return on assets % | 9.7% | 8.2% | 7.1% | 6.8% |
| Return on capital employed % | 16.1% | 14.1% | 11.8% | 12.6% |
| Return on equity % | 12.5% | 10.5% | 9.3% | 9.3% |
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.