Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 24.4% | 24.5% | 27.8% | 25.9% | 23.9% | 23.7% | 24.1% | 23.7% |
| EBIT margin % | 22% | 21.3% | 24.5% | 23% | 21.1% | 20.7% | 21.1% | 20.9% |
| PAT margin % | 18.6% | 18.3% | 19.3% | 18.2% | 16.4% | 17.1% | 16.4% | 16.5% |
| Working capital | ||||||||
| Receivable days | 65 | 74 | 70 | — | 63 | 72 | 70 | 72 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 10 | 15 | 13 | — | 13 | 12 | 12 | 13 |
| NWC days | — | — | — | — | 51 | 59 | 57 | 59 |
| Leverage | ||||||||
| Current ratio | 2.84 | 2.62 | 2.54 | — | 1.81 | 2.31 | 2.27 | 1.98 |
| Debt to EBITDA | — | — | — | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | — | 130.5 | 137.6 | 151.6 | 118.3 | 77.6 | 91.4 | 100.2 |
| Asset turnover | 0.98 | 0.98 | 0.93 | — | 1.17 | 1.12 | 1.09 | 1.15 |
| Return ratios | ||||||||
| Return on assets % | 18.2% | 17.9% | 17.9% | — | 19.2% | 19% | 18% | 18.9% |
| Return on capital employed % | 31.9% | 32.1% | 34.3% | — | 38.8% | 39.3% | 37.1% | 39.8% |
| Return on equity % | 23.7% | 25.4% | 25.4% | — | 32% | 29.8% | 27.9% | 31.7% |
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.