Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 15.2% | 20.9% | 25.7% | 22.2% | 25.9% | 23.6% | 20.1% |
| EBIT margin % | 12.8% | 18.9% | 23.9% | 20.3% | 24% | 21.9% | 18.6% |
| PAT margin % | 3.1% | 11.2% | 15.8% | 9.9% | 11.5% | 8.3% | 5.5% |
| Working capital | |||||||
| Receivable days | 128 | 134 | 141 | — | — | — | — |
| Inventory days | 7 | — | — | 2 | 2 | 1 | 1 |
| Payable days | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 1.56 | 2.46 | 1.63 | 3.38 | — | 3.95 | 5.31 |
| Debt to equity | 0.27 | 0.6 | 0.5 | 0.98 | — | 1.36 | 1.53 |
| Interest coverage | 1.8 | 4.2 | 4.8 | 2.8 | 2.6 | 1.9 | 1.6 |
| Asset turnover | 0.41 | 0.37 | 0.38 | 0.37 | 0.35 | 0.36 | 0.33 |
| Return ratios | |||||||
| Return on assets % | 1.3% | 4.2% | 5.9% | 3.6% | 4% | 3% | 1.8% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | 3.5% | 13% | 18.8% | 12.9% | 17.2% | 12.1% | 7.9% |
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.