Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 98.6% | — | — | — | — | — | — |
| EBITDA margin % | 11.8% | 10.3% | 12.4% | 16.1% | 16.6% | 15.7% | 13.3% | 18.7% |
| EBIT margin % | 9.5% | 5.9% | 8.9% | 13.3% | 14.2% | 13.4% | 10.5% | 14.5% |
| PAT margin % | 7.5% | 5.1% | 7.3% | 12.9% | 12.7% | 12.7% | 11.9% | 9.8% |
| Working capital | ||||||||
| Receivable days | 79 | 83 | 58 | 74 | 67 | 67 | 64 | 63 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 1 |
| Payable days | — | — | 32 | 36 | 34 | 28 | 34 | 39 |
| NWC days | — | — | 26 | 38 | 33 | 39 | 30 | 24 |
| Leverage | ||||||||
| Current ratio | 2.84 | 2.37 | 4.15 | 3.71 | 4.81 | 4.9 | 3.08 | 1.99 |
| Debt to EBITDA | 0.27 | 0.78 | 0 | 0.25 | 0 | 0 | 0.69 | 0.38 |
| Debt to equity | 0.06 | 0.14 | 0 | 0.06 | 0 | 0 | 0.12 | 0.09 |
| Interest coverage | 24.9 | 19.7 | 35 | 64.5 | 84.6 | 128.3 | 22.9 | 18.4 |
| Asset turnover | 1.31 | 1.18 | 1.27 | 1.08 | 1.14 | 1.06 | 0.84 | 0.84 |
| Return ratios | ||||||||
| Return on assets % | 9.7% | 6.1% | 9.3% | 14% | 14.5% | 13.5% | 10% | 8.3% |
| Return on capital employed % | 18.2% | 12.5% | 15% | 22.6% | 24.8% | 21.4% | 15% | 19.3% |
| Return on equity % | 13.2% | 8.9% | 11.7% | 18.1% | 17.7% | 16% | 15.1% | 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.