Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 43.9% | 43.7% | 41.9% | 41.3% | 41.5% | 38.4% | 38.1% |
| EBITDA margin % | 30.3% | 30.3% | 30% | 29.4% | 26.6% | 25.7% | 25.3% |
| EBIT margin % | 23.6% | 22.4% | 25.1% | 25.8% | 20.5% | 19.7% | 20.7% |
| PAT margin % | 16.4% | 16.9% | 18.2% | 18.5% | 14.8% | 13.8% | 13.9% |
| Working capital | |||||||
| Receivable days | — | 143 | 137 | 148 | 287 | 278 | 273 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 26 | 22 | 22 | 41 | 41 | 46 |
| NWC days | — | 117 | 114 | 125 | 246 | 237 | 227 |
| Leverage | |||||||
| Current ratio | — | 5.12 | 6.69 | 6.87 | 7 | 7 | 6.71 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 103 | 6,001.1 | 4,059.4 | 4,635.4 | 3,182.1 | 50,735.5 | 71,607 |
| Asset turnover | — | 0.77 | 0.84 | 0.94 | 0.53 | 0.53 | 0.58 |
| Return ratios | |||||||
| Return on assets % | — | 13.1% | 15.4% | 17.4% | 7.8% | 7.2% | 8% |
| Return on capital employed % | — | 20.2% | 29.3% | 30.8% | 12.9% | 12.3% | 14.8% |
| Return on equity % | — | 14.8% | 17.2% | 19.6% | 8.8% | 8.2% | 9.1% |
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.