Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 25.2% | 25.4% | 26.3% | 15% | 9.4% | 10.1% | 3.8% |
| EBIT margin % | 20.7% | 20.3% | 21.7% | 10.2% | 5% | 6.8% | 0.1% |
| PAT margin % | 16.3% | 16.8% | 19.5% | 10.1% | 5.9% | 7.5% | 1.8% |
| Working capital | |||||||
| Receivable days | 94 | 93 | 75 | 88 | 106 | 80 | 119 |
| Inventory days | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 51 | 51 | 55 | 49 | 42 | 41 | 42 |
| NWC days | 43 | 41 | 21 | 39 | 64 | 39 | 76 |
| Leverage | |||||||
| Current ratio | 3.82 | 4.07 | 5.03 | 3.91 | 3.87 | 3.51 | 2.81 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0.38 | 0.21 | 0.47 |
| Debt to equity | — | 0 | 0 | 0 | 0.04 | 0.02 | 0.02 |
| Interest coverage | 78 | 80.4 | 93.2 | 40 | 25 | 46.8 | 20.7 |
| Asset turnover | 0.78 | 0.65 | 0.66 | 0.82 | 0.85 | 0.88 | 0.72 |
| Return ratios | |||||||
| Return on assets % | 12.8% | 10.9% | 12.9% | 8.2% | 5% | 6.6% | 1.3% |
| Return on capital employed % | 24.7% | 20.6% | 22.4% | 13% | 9.7% | 12.6% | 4.6% |
| Return on equity % | 16% | 13.3% | 15.7% | 10.7% | 6.5% | 8.4% | 1.6% |
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.