Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 98.5% | 98.4% | 98.9% | — | — | — | — | — |
| EBITDA margin % | 13.9% | 12% | 22.8% | 18.2% | 16.6% | 9.5% | 6.3% | 6.3% |
| EBIT margin % | 8.8% | 5.9% | 13.6% | 14.6% | 15.2% | 7.6% | 4.4% | 4.7% |
| PAT margin % | 8.7% | 6.2% | 13.8% | 21.9% | 14.8% | 6.7% | 4.2% | 4.7% |
| Working capital | ||||||||
| Receivable days | 121 | 124 | 245 | 118 | 45 | 40 | 29 | 49 |
| Inventory days | 193 | 205 | 596 | 2 | 1 | 1 | 1 | 0 |
| Payable days | 2,116 | 1,794 | 5,941 | 53 | 95 | 22 | 19 | 46 |
| NWC days | -1,802 | -1,465 | -5,100 | 68 | -49 | 19 | 10 | 3 |
| Leverage | ||||||||
| Current ratio | 2.81 | 1.86 | 2.52 | 2.17 | 1.52 | 2.21 | 2.39 | 1.69 |
| Debt to EBITDA | 0.78 | 0.87 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.08 | 0.09 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 249.9 | 16.1 | 13.1 | 242.3 | 588.6 | 35.2 | 37.6 | 22 |
| Asset turnover | 0.63 | 0.63 | 0.4 | 0.73 | 0.95 | 1.07 | 1.18 | 1.18 |
| Return ratios | ||||||||
| Return on assets % | 5.5% | 4% | 5.5% | 15.9% | 14.1% | 7.1% | 4.9% | 5.5% |
| Return on capital employed % | 8% | 6.7% | 8.7% | 22.9% | 34.5% | 18.3% | 13.8% | 15.2% |
| Return on equity % | 6.5% | 5.2% | 7.4% | 23.6% | 26.4% | 11.2% | 7.6% | 9.5% |
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.