Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 38.2% | 39.9% | 39% | 40.9% |
| EBITDA margin % | 20.7% | 21.4% | 19.6% | 25.5% |
| EBIT margin % | 15.9% | 16.9% | 11.3% | 18.4% |
| PAT margin % | 10.5% | 11.4% | 7.5% | 12.2% |
| Working capital | ||||
| Receivable days | 189 | 145 | 144 | 201 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 181 | 167 | 170 | 156 |
| NWC days | 8 | -22 | -27 | 45 |
| Leverage | ||||
| Current ratio | 1.24 | 1.13 | 1.05 | 1.26 |
| Debt to EBITDA | 1.37 | 1.87 | 1.88 | 1.34 |
| Debt to equity | 0.65 | 0.82 | 0.76 | 0.68 |
| Interest coverage | 7 | 8.8 | 5.1 | 6.9 |
| Asset turnover | 0.89 | 0.81 | 0.82 | 0.84 |
| Return ratios | ||||
| Return on assets % | 9.3% | 9.3% | 6.1% | 10.2% |
| Return on capital employed % | 30.9% | 31.9% | 19.1% | 31.8% |
| Return on equity % | 23.9% | 23.3% | 15.4% | 24.4% |
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.