Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | 97.4% | — |
| EBITDA margin % | 12% | 11.9% | 14.9% | 15.5% | 10.9% | 15.8% | 13% | 16.3% |
| EBIT margin % | 10.1% | 9.4% | 12.6% | 13.6% | 9.1% | 14.2% | 11.4% | 14.8% |
| PAT margin % | 11.5% | 6.8% | 9% | 11.2% | 6.9% | 11.8% | 9.6% | 9.8% |
| Working capital | ||||||||
| Receivable days | 102 | 82 | 53 | 60 | 69 | 72 | 67 | 83 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 27 | 0 |
| Payable days | — | — | 16 | 22 | 20 | 23 | 618 | 21 |
| NWC days | — | — | 37 | 38 | 49 | 49 | -524 | 63 |
| Leverage | ||||||||
| Current ratio | 2.34 | 2.76 | 3.32 | 3.69 | 3.48 | 3.71 | 4.03 | 4.29 |
| Debt to EBITDA | 0.12 | — | 0 | 0 | 0 | 0 | 0.02 | 0.01 |
| Debt to equity | 0.02 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 26.1 | 21.8 | 35.9 | 48.4 | 24.8 | 42.9 | 30.7 | 43.4 |
| Asset turnover | 1.02 | 1.22 | 1.19 | 1.22 | 1.5 | 1.34 | 1.2 | 1.01 |
| Return ratios | ||||||||
| Return on assets % | 11.7% | 8.3% | 10.7% | 13.7% | 10.4% | 15.9% | 11.6% | 9.8% |
| Return on capital employed % | 15.1% | 18.3% | 21.1% | 24.8% | 17.4% | 29.8% | 21% | 21.2% |
| Return on equity % | 17% | 11.9% | 14.7% | 17.9% | 13.5% | 20.5% | 14.9% | 12.6% |
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.