Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 26.3% | 25.1% | 19.7% | 20.1% | 19.5% | 21.3% | 22.5% |
| EBIT margin % | 22.3% | 21.3% | 16.7% | 16.7% | 15.7% | 17.1% | 17.9% |
| PAT margin % | 19.6% | 26.1% | 19.9% | 17.1% | 16.1% | 16.9% | 16.8% |
| Working capital | |||||||
| Receivable days | 81 | 76 | 79 | 62 | 63 | 48 | 52 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 119 | 108 | 80 | 94 | 83 | 103 |
| NWC days | — | -43 | -28 | -18 | -31 | -35 | -51 |
| Leverage | |||||||
| Current ratio | 1.82 | 1.29 | 2.2 | 2.55 | 2.86 | 3.25 | 3.41 |
| Debt to EBITDA | 0.73 | 0.9 | 0.7 | 0.36 | 0.49 | 0.16 | 0.02 |
| Debt to equity | 0.28 | 0.33 | 0.13 | 0.07 | 0.07 | 0.03 | 0 |
| Interest coverage | 56.8 | 41.6 | 35.6 | 25.7 | 18.3 | 38.1 | 107.2 |
| Asset turnover | 0.83 | 0.69 | 0.59 | 0.71 | 0.56 | 0.63 | 0.61 |
| Return ratios | |||||||
| Return on assets % | 16.4% | 17.9% | 11.8% | 12.2% | 9.1% | 10.5% | 10.3% |
| Return on capital employed % | 29.6% | 36.5% | 25.8% | 19.5% | 16.3% | 17% | 16.9% |
| Return on equity % | 28.6% | 37.6% | 18.2% | 16.8% | 11.9% | 13% | 12.5% |
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.