Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 92.6% | 92.6% | 94.9% | — | — | — | — | — |
| EBITDA margin % | 22.4% | 12.9% | 9.9% | 15% | 10.3% | 10.3% | -13.5% | 8.3% |
| EBIT margin % | 19.4% | 5.4% | 3.2% | 9.2% | 5.5% | 5.5% | -21.1% | 3.3% |
| PAT margin % | 18.4% | 4.5% | 8.1% | 8.7% | 4.5% | 2.7% | -24.2% | 0.3% |
| Working capital | ||||||||
| Receivable days | 226 | 105 | 104 | 92 | 111 | 105 | 91 | 88 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 853 | 8 | 10 | 10 | 10 | 8 |
| NWC days | — | — | -748 | 85 | 101 | 95 | 82 | 80 |
| Leverage | ||||||||
| Current ratio | 1.73 | 2.4 | 2.25 | 2.62 | 2.44 | 1.78 | 1.63 | 2.31 |
| Debt to EBITDA | 0.6 | 0.65 | 1.19 | 1.96 | 3.03 | 5.5 | — | 4.91 |
| Debt to equity | 0.22 | 0.12 | 0.17 | 0.39 | 0.58 | 1.04 | 1.27 | 0.91 |
| Interest coverage | 15 | 3.2 | 10.4 | 20.9 | 4.6 | 1.9 | -3.9 | 1.2 |
| Asset turnover | 0.95 | 1.02 | 0.96 | 0.84 | 1.03 | 0.76 | 1.01 | 0.98 |
| Return ratios | ||||||||
| Return on assets % | 17.5% | 4.6% | 7.7% | 7.3% | 4.6% | 2% | -24.5% | 0.3% |
| Return on capital employed % | 32.8% | 10.8% | 12.7% | 13.2% | 10.9% | 10.7% | -23.9% | 7.2% |
| Return on equity % | 30.8% | 6.7% | 11.8% | 11.5% | 8.3% | 5% | -70.7% | 0.6% |
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.