Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 30.1% | 29.7% | 32.5% | 32.2% | 42.5% | 55% | 53.9% |
| EBITDA margin % | 10.6% | 8.3% | 12.6% | 14.6% | 20.6% | 28.7% | 27.3% |
| EBIT margin % | 9.1% | 6.3% | 11.7% | 13.4% | 18.8% | 25.2% | 24.2% |
| PAT margin % | 6.7% | 10.5% | 13.1% | 13.5% | 19.4% | 24.6% | 24.1% |
| Working capital | |||||||
| Receivable days | 52 | 76 | 10 | 8 | 9 | 20 | 21 |
| Inventory days | — | 0 | 0 | 0 | 1 | 0 | 0 |
| Payable days | — | 10 | 12 | 10 | 12 | 36 | 40 |
| NWC days | — | 66 | -2 | -2 | -2 | -16 | -19 |
| Leverage | |||||||
| Current ratio | 10.18 | 11.84 | 7.26 | 5.68 | 7.7 | 2.34 | 2.91 |
| Debt to EBITDA | 0 | 0 | 0.03 | 0 | 0 | 0.32 | 0.28 |
| Debt to equity | 0 | 0 | 0.01 | 0 | 0 | 0.12 | 0.09 |
| Interest coverage | 52.7 | 90.6 | 171.1 | 334 | 136.9 | 22.8 | 35.3 |
| Asset turnover | 1.68 | 0.96 | 1.34 | 1.6 | 1.04 | 0.78 | 0.8 |
| Return ratios | |||||||
| Return on assets % | 11.2% | 10.1% | 17.6% | 21.6% | 20.1% | 19.2% | 19.2% |
| Return on capital employed % | 19.5% | 10.9% | 22% | 31.4% | 30.6% | 33.4% | 30.1% |
| Return on equity % | 12.2% | 10.9% | 19.5% | 25.4% | 27% | 31.2% | 29.4% |
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.