Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 42.1% | — | — | — |
| EBITDA margin % | 8.7% | 9.1% | 8.7% | 9.7% |
| EBIT margin % | 7.6% | 8% | 7.6% | 7.8% |
| PAT margin % | 4.1% | 5.7% | 6.7% | 7.3% |
| Working capital | ||||
| Receivable days | 68 | 82 | 60 | 69 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 10 | 1 | 1 | 4 |
| NWC days | 57 | 81 | 59 | 65 |
| Leverage | ||||
| Current ratio | 1.49 | 6.18 | 20.06 | 8.72 |
| Debt to EBITDA | 2.52 | 1.04 | 0.07 | 0.25 |
| Debt to equity | 2.48 | 0.13 | 0.01 | 0.03 |
| Interest coverage | 3.8 | 5.4 | 16.4 | 34.9 |
| Asset turnover | 2.36 | 1.11 | 0.99 | 1.23 |
| Return ratios | ||||
| Return on assets % | 9.8% | 6.3% | 6.7% | 8.9% |
| Return on capital employed % | 36.7% | 20.5% | 13.5% | 13.9% |
| Return on equity % | 47% | 7.7% | 7% | 9.9% |
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.