Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 70.2% | 72.5% | 67.2% |
| EBITDA margin % | 19% | 21.2% | 10% | 12.8% |
| EBIT margin % | 14% | 16.7% | 5.1% | 7.3% |
| PAT margin % | 10.7% | 12% | 6.3% | 6.5% |
| Working capital | ||||
| Receivable days | 255 | 146 | 181 | 135 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 303 | 339 | 424 | 281 |
| NWC days | -48 | -192 | -242 | -146 |
| Leverage | ||||
| Current ratio | 1 | 2.4 | 2.53 | 2.66 |
| Debt to EBITDA | 0.08 | 0 | 0 | 0 |
| Debt to equity | 0.1 | 0 | 0 | 0 |
| Interest coverage | 8.6 | 10.3 | 12.8 | 9.8 |
| Asset turnover | 0.93 | 0.84 | 0.73 | 0.8 |
| Return ratios | ||||
| Return on assets % | 10% | 10% | 4.6% | 5.2% |
| Return on capital employed % | 71.2% | 36.7% | 10.1% | 12.4% |
| Return on equity % | 69.1% | 16.5% | 7.5% | 8.4% |
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.