Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 8.8% | 5.3% | 23.7% | 25.1% | 19.5% | 21.5% | 21.2% | 19.1% |
| EBIT margin % | 5.9% | 0.1% | 18.6% | 19.9% | 14.1% | 16% | 15% | 12.2% |
| PAT margin % | 9.1% | 1.3% | 17.7% | 18.7% | 12% | 12.9% | 13.4% | 11.3% |
| Working capital | ||||||||
| Receivable days | 51 | 77 | 46 | — | 68 | 81 | 65 | 82 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 1 | 60 | 53 | — | 56 | 50 | 42 | 35 |
| NWC days | — | — | — | — | 12 | 31 | 23 | 46 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 1.82 | 2.11 | 2.14 | 2.11 |
| Debt to EBITDA | 0.79 | 3.11 | 0.14 | — | 0 | 0 | 0.06 | 0 |
| Debt to equity | 0.1 | 0.21 | 0.04 | — | 0 | 0 | 0.01 | 0 |
| Interest coverage | 13 | 1.6 | 31.7 | 97.2 | 114.4 | 176 | 107.7 | 78.3 |
| Asset turnover | 0.89 | 0.72 | 0.73 | 3.42 | 0.77 | 0.74 | 0.64 | 0.66 |
| Return ratios | ||||||||
| Return on assets % | 8% | 0.9% | 12.9% | 63.9% | 9.3% | 9.5% | 8.6% | 7.5% |
| Return on capital employed % | — | — | — | — | 17.5% | 20% | 16.5% | 15.6% |
| Return on equity % | 12.9% | 1.7% | 19% | — | 13.1% | 13.2% | 12% | 10.8% |
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.