Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 98% | 95.9% | 97.3% | — | — | — | — |
| EBITDA margin % | 17.6% | 17.3% | 16.7% | 17.1% | 16% | 15.6% | 14.1% | 17.9% |
| EBIT margin % | 14.2% | 13.2% | 12.8% | 13.6% | 12.8% | 12.1% | 10.5% | 13.7% |
| PAT margin % | 11.5% | 11.2% | 10% | 11.1% | 9.3% | 9.1% | 7.8% | 10.6% |
| Working capital | ||||||||
| Receivable days | — | — | 84 | 79 | 73 | 72 | 78 | 88 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 641 | 1,304 | 35 | 38 | 35 | 0 |
| NWC days | — | — | -557 | -1,225 | 38 | 34 | 43 | 88 |
| Leverage | ||||||||
| Current ratio | — | — | 2.49 | 1.88 | 1.51 | 1.7 | 1.59 | 1.61 |
| Debt to EBITDA | — | — | 0 | 0.32 | 0.26 | 0.31 | 0.41 | 0.14 |
| Debt to equity | — | — | 0 | 0.13 | 0.11 | 0.12 | 0.11 | 0.04 |
| Interest coverage | 62.7 | 39.9 | 44 | 14.3 | 13.5 | 9.2 | 10.6 | 13.8 |
| Asset turnover | — | — | 1.33 | 1.3 | 1.41 | 1.5 | 0.96 | 1.1 |
| Return ratios | ||||||||
| Return on assets % | — | — | 13.3% | 14.4% | 13.1% | 13.7% | 7.5% | 11.7% |
| Return on capital employed % | — | — | 23.6% | 28.8% | 28.1% | 27.2% | 20% | 22.2% |
| Return on equity % | — | — | 18.9% | 26.1% | 24.2% | 23% | 14.7% | 18.3% |
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.