Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | 54.1% | 46.4% | 48.8% | 41% | 67.1% | 50.3% | 55.9% |
| EBIT margin % | — | 52.9% | 45.3% | 47.6% | 39.8% | 66.1% | 49.2% | 54.9% |
| PAT margin % | 14% | 10.3% | -1% | 1.5% | 0.3% | 19.5% | 7.2% | 10.6% |
| Working capital | ||||||||
| Receivable days | 3 | 3 | 5 | 1 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | 15 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 6.83 | 9.68 | 8.55 | 9.26 | 5.28 | 6.74 | 6.26 |
| Debt to equity | 4.59 | 3.83 | 4.16 | 3.63 | 3.63 | 3.3 | 3.46 | 3.84 |
| Interest coverage | -0 | 1.4 | 1 | 1.1 | 1 | 1.6 | 1.2 | 1.3 |
| Asset turnover | 0.21 | 0.21 | 0.17 | 0.18 | 0.2 | 0.21 | 0.22 | 0.22 |
| Return ratios | ||||||||
| Return on assets % | 3% | 2.1% | -0.2% | 0.3% | 0.1% | 4.2% | 1.6% | 2.3% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 17.5% | 10.7% | -0.9% | 1.3% | 0.3% | 18.2% | 7.3% | 11.6% |
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.