Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 4% | 26.4% | 49% | 40.9% | 27.2% | 27.7% | 37.7% | 33.8% |
| EBIT margin % | 3.2% | 23.1% | 46.6% | 39.3% | 24% | 24.6% | 35.3% | 32% |
| PAT margin % | 4% | 23.1% | 41.8% | 39.5% | 28.8% | 27.9% | 39.7% | 30.3% |
| Working capital | ||||||||
| Receivable days | 0 | 1 | 1 | 1 | 3 | 1 | 1 | 1 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 14 | 16 | 15 | 14 | 15 | 11 | 11 |
| NWC days | — | — | -16 | -14 | -11 | -13 | -10 | -10 |
| Leverage | ||||||||
| Current ratio | 1.71 | 1.88 | 4.41 | 3.71 | 2.76 | 2.22 | 2.4 | 2.34 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 17.4 | 65.6 | 59.5 | 75.6 | 51.5 | 56.8 | 103 | 235.2 |
| Asset turnover | 0.62 | 0.57 | 0.27 | 0.26 | 0.29 | 0.35 | 0.34 | 0.34 |
| Return ratios | ||||||||
| Return on assets % | 2.4% | 13.1% | 11.1% | 10.1% | 8.2% | 9.7% | 13.3% | 10.3% |
| Return on capital employed % | 14.3% | 41.9% | 30.6% | 19.2% | 17.1% | 20.3% | 28.8% | 22.9% |
| Return on equity % | 12.5% | 53.6% | 17.4% | 15.9% | 13.8% | 19.2% | 25.2% | 19.8% |
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.