Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 14% | 15.3% | 15.8% | 16.2% | 13.7% | 15.1% | 15.1% | 16.3% |
| EBIT margin % | 12% | 10.8% | 11.8% | 12% | 9.4% | 11% | 11% | 11.7% |
| PAT margin % | 9.9% | 8.3% | 7.1% | 9.1% | 8.5% | 8.1% | 7.5% | 7.1% |
| Working capital | ||||||||
| Receivable days | 37 | 50 | 41 | 40 | 63 | 67 | 77 | 79 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 10 | 10 | 24 | 13 | 16 | 21 | 21 | 25 |
| NWC days | — | 40 | 18 | 27 | 47 | 46 | 56 | 54 |
| Leverage | ||||||||
| Current ratio | 0.95 | 0.83 | 0.88 | 0.93 | 0.9 | 0.94 | 0.92 | 0.79 |
| Debt to EBITDA | 0.01 | 1.33 | 0.75 | 1.05 | 1 | 0.85 | 1.27 | 1.25 |
| Debt to equity | 0 | 0.3 | 0.22 | 0.33 | 0.25 | 0.22 | 0.37 | 0.44 |
| Interest coverage | 16 | 7.8 | 11.5 | 11.1 | 8.8 | 7.1 | 5.9 | 6.2 |
| Asset turnover | 1.04 | 0.89 | 1.05 | 1.04 | 1.06 | 1.04 | 1.01 | 1.03 |
| Return ratios | ||||||||
| Return on assets % | 10.3% | 7.4% | 7.5% | 9.4% | 9.1% | 8.5% | 7.5% | 7.2% |
| Return on capital employed % | 17.9% | 15% | 17.9% | 18.7% | 16.8% | 17.2% | 17.7% | 19.9% |
| Return on equity % | 13.9% | 12.3% | 12.9% | 17.7% | 15.3% | 13.9% | 14.5% | 15.4% |
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.