Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 0.6% | 1.2% | 9.7% | 9.4% | 16% | 12.4% | 8.1% | 10.8% |
| EBIT margin % | 0% | 0.3% | 8.9% | 8.6% | 15.1% | 11.6% | 6.7% | 9.8% |
| PAT margin % | 4.8% | 7.2% | 12.2% | 13% | 18.7% | 22% | 19.6% | 17.3% |
| Working capital | ||||||||
| Receivable days | 161 | 66 | 109 | 100 | 70 | 93 | 121 | 133 |
| Inventory days | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
| Payable days | 559 | 600 | 1,146 | 1,123 | 1,187 | 1,222 | 19 | 26 |
| NWC days | -398 | -534 | -1,036 | -1,021 | -1,117 | -1,130 | 102 | 107 |
| Leverage | ||||||||
| Current ratio | 1.46 | 1.47 | 1.24 | 1.3 | 1.33 | 1.41 | 0.75 | 0.97 |
| Debt to EBITDA | 0 | 0.03 | 2.36 | 0.45 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0.27 | 0.04 | 0 | 0 | 0 | 0 |
| Interest coverage | 5.4 | 5.2 | 8.4 | 6.4 | 6.7 | 14.5 | 15.7 | 19 |
| Asset turnover | 0.42 | 0.39 | 0.25 | 0.26 | 0.26 | 0.23 | 0.26 | 0.26 |
| Return ratios | ||||||||
| Return on assets % | 2% | 2.8% | 3.1% | 3.4% | 4.9% | 5.1% | 5.1% | 4.6% |
| Return on capital employed % | 11.4% | 13.3% | 24.8% | 24% | 29.8% | 28.1% | 20% | 18.9% |
| Return on equity % | 5.9% | 8% | 14.7% | 13.7% | 17.3% | 16.7% | 13.2% | 11.9% |
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.