Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 29% | 4.8% | 45.7% | 25.1% | 21.2% |
| EBIT margin % | 28.3% | 3.9% | 44.3% | 22.8% | 18% |
| PAT margin % | 19.6% | 7% | 38.2% | 32.8% | 9.5% |
| Working capital | |||||
| Receivable days | 166 | 48 | 38 | 92 | — |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 552 | 296 | 526 | 308 | — |
| NWC days | -386 | -248 | -488 | -216 | — |
| Leverage | |||||
| Current ratio | 1.69 | 2.12 | 2 | 3.26 | — |
| Debt to EBITDA | 0.88 | 3.69 | 0.18 | 0.3 | 0.62 |
| Debt to equity | 0.24 | 0.13 | 0.08 | 0.03 | 0.06 |
| Interest coverage | 7.7 | 2.7 | 22.9 | 14.7 | 6.3 |
| Asset turnover | 0.4 | 0.4 | 0.45 | 0.33 | 0.34 |
| Return ratios | |||||
| Return on assets % | 7.8% | 2.8% | 17.3% | 10.7% | 3.2% |
| Return on capital employed % | 27.3% | 9.1% | 53.3% | 26.2% | — |
| Return on equity % | 18.4% | 5.1% | 35% | 15.3% | 4.4% |
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.