Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 3.7% | 7.3% | 13.1% | 10.1% | 11% | 9.6% | 7.2% |
| EBIT margin % | 3.1% | 4.7% | 10.7% | 6.9% | 6.8% | 6.2% | 5.4% |
| PAT margin % | 2% | 11.2% | 9.3% | 5.2% | 5.4% | 4.2% | 4% |
| Working capital | |||||||
| Receivable days | — | 83 | 105 | 91 | 69 | 66 | 40 |
| Inventory days | — | 0 | 0 | — | — | 0 | 0 |
| Payable days | — | 20 | 19 | — | — | 19 | 14 |
| NWC days | — | 63 | 87 | — | — | 47 | 26 |
| Leverage | |||||||
| Current ratio | — | 1.32 | 1.32 | 1.55 | 1.57 | 2.5 | 3.21 |
| Debt to EBITDA | — | 3.77 | 1.8 | 1.44 | 1.66 | 1.48 | 1.85 |
| Debt to equity | — | 0.65 | 0.39 | 0.23 | 0.24 | 0.18 | 0.24 |
| Interest coverage | 4.5 | 4.7 | 10.2 | 4.3 | 6.4 | 5.1 | 6 |
| Asset turnover | — | 1.04 | 0.88 | 1.02 | 0.92 | 0.94 | 1.28 |
| Return ratios | |||||||
| Return on assets % | — | 11.6% | 8.2% | 5.3% | 4.9% | 4% | 5.1% |
| Return on capital employed % | — | 7.5% | 14.6% | 10.4% | 9.2% | 8.3% | 9.1% |
| Return on equity % | — | 26.3% | 15.5% | 8% | 6.9% | 5.4% | 7.2% |
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.