Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 34.5% | 33.3% | 32.2% | 31.1% | 36.2% | 36.8% | 36.8% | 37.7% |
| EBIT margin % | 34.5% | 32.4% | 31.4% | 30.3% | 35.3% | 36% | 35.9% | 36.8% |
| PAT margin % | 12.6% | 11% | 12.2% | 12.2% | 14.9% | 14.1% | 13.1% | 13.1% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 7 | 6.56 | 7.54 | 7.12 | 7.07 | 7.2 | 7.55 |
| Debt to equity | — | — | — | — | 4.56 | 4.77 | 4.89 | 5.5 |
| Interest coverage | 2.2 | 1.9 | 2.1 | 2.2 | 2.4 | 2.2 | 2 | 2 |
| Asset turnover | — | — | — | — | 0.2 | 0.21 | 0.21 | 0.2 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | 3% | 2.9% | 2.7% | 2.6% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | — | — | — | 26.3% | 25.9% | 24.3% | 25.2% |
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.