Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 10.7% | 12.2% | 11.9% | 11.5% |
| EBITDA margin % | 7% | 8.1% | ||
| 7.6% |
| 6.6% |
| EBIT margin % | 6.3% | 6.7% | 6.2% | 4.6% |
| PAT margin % | 3.2% | 3.5% | 3.4% | 2.1% |
| Working capital | ||||
| Receivable days | 118 | 115 | 115 | 121 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 2 | 2 | 1 | 2 |
| NWC days | 116 | 114 | 114 | 119 |
| Leverage | ||||
| Current ratio | 1.49 | 1.78 | 1.91 | 1.53 |
| Debt to EBITDA | 3.94 | 3.45 | 3.49 | 4.77 |
| Debt to equity | 1.39 | 1.41 | 0.97 | 1.29 |
| Interest coverage | 3 | 3.1 | 3.6 | 2.8 |
| Asset turnover | 2.06 | 2.06 | 1.82 | 1.74 |
| Return ratios | ||||
| Return on assets % | 6.7% | 7.2% | 6.2% | 3.7% |
| Return on capital employed % | 29.7% | 32.9% | 24.4% | 16.8% |
| Return on equity % | 16.4% | 17.8% | 12.6% | 8.8% |
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.