Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | 98.8% |
| EBITDA margin % | 24.6% | 22.8% | 17.2% | 20.4% | 20.9% | 19.5% |
| EBIT margin % | 17.9% | 17.7% | 12.6% | 14.3% | 13.4% | 11.4% |
| PAT margin % | 13.8% | 13.9% | 9.9% | 11.4% | 10.8% | 8.7% |
| Working capital | ||||||
| Receivable days | 70 | 100 | 92 | 105 | 104 | 112 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 63 | 55 | 48 | 50 | 53 | 3,474 |
| NWC days | 7 | 45 | 45 | 55 | 51 | -3,362 |
| Leverage | ||||||
| Current ratio | 1.59 | 1.44 | 1.31 | 1.3 | 1.22 | 1.18 |
| Debt to EBITDA | 1.3 | 1.15 | 2.39 | 2.33 | 2.43 | 2.07 |
| Debt to equity | 0.43 | 0.41 | 0.72 | 0.72 | 0.72 | 0.58 |
| Interest coverage | 3.5 | 6.5 | 4.8 | 3.8 | 2.7 | 2.5 |
| Asset turnover | 0.59 | 0.67 | 0.68 | 0.6 | 0.56 | 0.61 |
| Return ratios | ||||||
| Return on assets % | 8.1% | 9.4% | 6.7% | 6.8% | 6.1% | 5.3% |
| Return on capital employed % | 16.5% | 20.1% | 15.1% | 13.9% | 12.3% | 11.6% |
| Return on equity % | 18.4% | 21.7% | 17.4% | 17.4% | 15.3% | 12.4% |
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.