Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 84.5% | — | — | — |
| EBITDA margin % | 18.6% | 18.4% | 18.1% | 15.5% |
| EBIT margin % | 16.5% | 16.3% | 15.7% | 12.9% |
| PAT margin % | 14.1% | 13.3% | 13.1% | 9.9% |
| Working capital | ||||
| Receivable days | 91 | 82 | 71 | 79 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 352 | 42 | 41 | 46 |
| NWC days | -260 | 40 | 30 | 33 |
| Leverage | ||||
| Current ratio | 1.92 | 1.87 | 1.74 | 1.53 |
| Debt to EBITDA | 0 | 0 | 0 | 0.78 |
| Debt to equity | 0 | 0 | 0 | 0.17 |
| Interest coverage | 45.3 | 50.3 | 47.7 | 25.9 |
| Asset turnover | 0.85 | 0.92 | 0.78 | 0.61 |
| Return ratios | ||||
| Return on assets % | 12% | 12.2% | 10.2% | 6.1% |
| Return on capital employed % | 25.2% | 28.5% | 25.2% | 19.3% |
| Return on equity % | 20.9% | 21.1% | 18.9% | 13.9% |
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.