Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 28.9% | 33.1% | 44.6% | 46.3% | 33.6% | 37.1% | 38% | 24% |
| EBIT margin % | 24.6% | 24.9% | 39.2% | 41.3% | 27% | 32.4% | 33.9% | 18.2% |
| PAT margin % | — | — | 29.8% | 30.9% | 23% | 24.3% | 23.1% | 12.5% |
| Working capital | ||||||||
| Receivable days | — | — | 97 | 92 | — | 68 | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 36 | 27 | — | 45 | — | — |
| NWC days | — | — | 60 | 65 | — | 23 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 2.14 | 2.06 | — | 1.69 | — | — |
| Debt to EBITDA | — | 0 | 0.08 | 0.21 | 0.53 | 1.54 | 0.39 | 0.4 |
| Debt to equity | — | — | 0.03 | 0.07 | 0.11 | 0.42 | 0.1 | 0.05 |
| Interest coverage | 158.8 | 26.6 | 54.5 | 40 | 15.7 | 12.4 | 7.9 | 12.5 |
| Asset turnover | — | — | 0.36 | 0.35 | 0.33 | 0.3 | 0.37 | 0.31 |
| Return ratios | ||||||||
| Return on assets % | — | — | 10.8% | 10.9% | 7.6% | 7.4% | 8.5% | 3.9% |
| Return on capital employed % | — | — | 24.9% | 28.3% | — | 22% | — | — |
| Return on equity % | — | — | 21.4% | 22.2% | 14% | 18% | 14.9% | 7% |
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.