Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 71.4% | 71.5% | 69.6% | 71.3% | 71.6% | 71.8% | 73.7% |
| EBIT margin % | 70.6% | 70.7% | 68.9% | 69.3% | 70% | 70.2% | 72.2% |
| PAT margin % | 15.2% | 14.3% | 14.1% | 19.8% | 20.3% | 22.9% | 20.8% |
| Working capital | |||||||
| Receivable days | 0 | 0 | 0 | — | — | — | — |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | 11 | 11 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 7.98 | 8.53 | 8.54 | 7.56 | 7.51 | 7.8 | 7.07 |
| Debt to equity | 5.2 | 4.89 | 4.39 | 3.77 | 3.99 | 4.15 | 3.8 |
| Interest coverage | 1.4 | 1.4 | 1.4 | 1.6 | 1.6 | 1.6 | 1.6 |
| Asset turnover | 0.14 | 0.13 | 0.14 | 0.14 | 0.15 | 0.14 | 0.15 |
| Return ratios | |||||||
| Return on assets % | 2.2% | 1.9% | 1.9% | 2.9% | 3% | 3.3% | 3.1% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | 13.8% | 11.5% | 10.4% | 13.8% | 15.1% | 17% | 15.2% |
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.