Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 34.2% | 29.9% | 26.9% | 21.2% | 23.1% | 22.3% |
| EBIT margin % | 31.9% | 27.9% | 25.3% | 19.7% | 19.6% | 18.4% |
| PAT margin % | 29.9% | 31.8% | 28.9% | 24.8% | 20.5% | 19.1% |
| Working capital | ||||||
| Receivable days | 73 | 75 | 67 | 64 | 80 | 80 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 6 | 5 | 4 | 7 | 11 | 9 |
| NWC days | 67 | 69 | 63 | 57 | 68 | 71 |
| Leverage | ||||||
| Current ratio | 11.35 | 18.08 | 27.75 | 20.04 | 6.64 | 4.05 |
| Debt to EBITDA | 0.22 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.05 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 45.4 | 43.2 | 72.7 | 65.6 | 35.9 | 27.2 |
| Asset turnover | 0.59 | 0.37 | 0.43 | 0.44 | 0.47 | 0.51 |
| Return ratios | ||||||
| Return on assets % | 17.6% | 11.8% | 12.3% | 10.9% | 9.7% | 9.7% |
| Return on capital employed % | 24.3% | 17.5% | 16.8% | 15.2% | 15.4% | 15.5% |
| Return on equity % | 20.9% | 12.6% | 12.9% | 11.5% | 11.6% | 11.5% |
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.