Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 21.5% | 22.5% | 28.6% | 30.6% | 27.3% | 26.5% | 24% | 25.5% |
| EBIT margin % | 18.4% | 17.6% | 23.4% | 25.8% | 23% | 22.2% | 19.8% | 21.3% |
| PAT margin % | 16% | 14.5% | 18.1% | 19.3% | 18.5% | 17.5% | 16.1% | 17.2% |
| Working capital | ||||||||
| Receivable days | 62 | 60 | 68 | 56 | 61 | 62 | 86 | 90 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | — | 7 | 4 | 3 | 3 | 11 | 12 |
| NWC days | 62 | — | 61 | 52 | 57 | 59 | 74 | 78 |
| Leverage | ||||||||
| Current ratio | 7.84 | 5.1 | 4.21 | 4.21 | 3.92 | 5.17 | 4.56 | 3.4 |
| Debt to EBITDA | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 7,787.8 | 15.9 | 19.8 | 27 | 31.9 | 30.4 | 21.6 | 23.2 |
| Asset turnover | 0.9 | 0.83 | 0.78 | 1.04 | 1.16 | 1 | 1.07 | 1.11 |
| Return ratios | ||||||||
| Return on assets % | 14.3% | 12% | 14.1% | 20.2% | 21.4% | 17.5% | 17.2% | 19.1% |
| Return on capital employed % | 22.9% | 20.3% | 24.8% | 33.3% | 36.4% | 31.8% | 28.7% | 34.3% |
| Return on equity % | 16.5% | 16% | 18.8% | 26.6% | 28.5% | 22.8% | 23.5% | 27.6% |
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.