Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 15.2% | 25.6% | 23.8% | 25.3% | 22.7% | 24.6% | 23.7% | 27.1% |
| EBIT margin % | 13.2% | 18.8% | 15.4% | 17.9% | 15.4% | 17.5% | 15.9% | 17.3% |
| PAT margin % | 6% | 15.3% | 12.7% | 11.2% | 12.5% | 13.6% | 15.3% | 13.7% |
| Working capital | ||||||||
| Receivable days | 50 | — | 55 | 0 | 55 | 51 | 48 | 42 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 13 | — | 34 | 38 | 46 | 43 | 39 | 49 |
| NWC days | — | — | 22 | -38 | 9 | 8 | 9 | -6 |
| Leverage | ||||||||
| Current ratio | 8.63 | — | 6.28 | 2.96 | 3.3 | 2.9 | 2.69 | 2.61 |
| Debt to EBITDA | 0.01 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 85.3 | 26.3 | 18.9 | 30.4 | 18.6 | 23.4 | 21.3 | 13 |
| Asset turnover | 1.07 | — | 0.87 | 1.08 | 1.17 | 1.28 | 1.3 | 1.15 |
| Return ratios | ||||||||
| Return on assets % | 6.4% | — | 11% | 12.1% | 14.6% | 17.4% | 19.9% | 15.8% |
| Return on capital employed % | 19.3% | — | 16.6% | 24.2% | 26.9% | 32.6% | 32.9% | 31.2% |
| Return on equity % | 7.2% | — | 13.2% | 17% | 21.3% | 26.1% | 32.1% | 32.8% |
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.