Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 93% | 93.2% | 95.3% | 93.3% | 88.2% | 76.3% | 76.9% | 75.7% |
| EBITDA margin % | 14% | 16.1% | 19.3% | 20.2% | 17.8% | 11.5% | 13.4% | 7.9% |
| EBIT margin % | 7.2% | 10.5% | 13.6% | 14.6% | 13.4% | 8.1% | 11.3% | 6.4% |
| PAT margin % | 10.6% | 11.7% | 20.5% | 16.4% | 12.3% | 10.3% | 14.8% | 12.8% |
| Working capital | ||||||||
| Receivable days | 93 | — | 77 | 71 | 83 | 35 | 32 | 53 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 587 | — | 616 | 408 | 347 | 149 | 159 | 152 |
| NWC days | — | — | -539 | -338 | -264 | -113 | -127 | -99 |
| Leverage | ||||||||
| Current ratio | 1.4 | — | 3.74 | 5.52 | 4.14 | 5.15 | 5.09 | 4.03 |
| Debt to EBITDA | 1.32 | — | 0.24 | 0.04 | 0.03 | 0.13 | 0.13 | 0.2 |
| Debt to equity | 0.21 | — | 0.05 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Interest coverage | 12.2 | 35.6 | 65.9 | 159.2 | 62.5 | 51.9 | 77 | 43.3 |
| Asset turnover | 0.73 | — | 0.82 | 0.86 | 0.88 | 0.83 | 0.77 | 0.85 |
| Return ratios | ||||||||
| Return on assets % | 7.7% | — | 16.8% | 14% | 10.9% | 8.5% | 11.4% | 10.9% |
| Return on capital employed % | 16% | — | 19.4% | 23.1% | 20.8% | 16.6% | 19.6% | 17.3% |
| Return on equity % | 12.3% | — | 21% | 16.4% | 13.5% | 10.4% | 14.1% | 14.3% |
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.