Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | 98.7% |
| EBITDA margin % | 18.8% | 19.5% | 23.2% | 19.1% | 22.2% | 15.4% | 16.2% | 15.3% |
| EBIT margin % | 16.8% | 17.3% | 21.3% | 17.1% | 19.1% | 11.9% | 12.3% | 12.8% |
| PAT margin % | 12.8% | 14.8% | 16.8% | 13.3% | 14.8% | 9.4% | 10.1% | 11.2% |
| Working capital | ||||||||
| Receivable days | 59 | 103 | 74 | 157 | 97 | 94 | 79 | 76 |
| Inventory days | — | — | — | 3 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 1 | 0 | 0 | 33 | 12 | 26 | 1,437 |
| NWC days | — | — | — | 159 | 64 | 82 | 53 | -1,362 |
| Leverage | ||||||||
| Current ratio | 3.11 | 3.32 | 4.12 | 2.57 | 3.35 | 5.77 | 3.9 | 5.55 |
| Debt to EBITDA | — | — | — | 0.01 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 766.3 | 49.7 | 65.5 | 95.9 | 83.3 | 46.8 | 42.9 | 80.1 |
| Asset turnover | 1.47 | 1.26 | 1.14 | 0.68 | 1.24 | 1.26 | 1.23 | 1.19 |
| Return ratios | ||||||||
| Return on assets % | 18.8% | 18.6% | 19.1% | 9.1% | 18.3% | 11.8% | 12.4% | 13.3% |
| Return on capital employed % | 39.9% | 36.7% | 37.5% | 23.2% | 38.4% | 20% | 21.2% | 24.1% |
| Return on equity % | 26.1% | 26.2% | 25% | 13.7% | 25.3% | 14.8% | 16.2% | 16% |
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.