Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 19.9% | 18.7% | 22% | 19.5% | 18.4% | 18% | 17.1% | 17.9% |
| EBIT margin % | 18.4% | 16.1% | 19.3% | 17.3% | 16.2% | 15.7% | 14.5% | 15.4% |
| PAT margin % | 16% | 14% | 15.7% | 14.7% | 13.3% | 12.9% | 12.1% | 11.8% |
| Working capital | ||||||||
| Receivable days | — | — | 61 | 66 | 79 | 59 | 56 | 64 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 31 | 23 | 17 | 19 | 18 | 22 |
| NWC days | — | — | 30 | 43 | 62 | 40 | 38 | 42 |
| Leverage | ||||||||
| Current ratio | — | — | 3.09 | 3.04 | 3.13 | 3.28 | 3.51 | 2.83 |
| Debt to EBITDA | — | — | 0.02 | 0.02 | 0.02 | 0.32 | 0 | 0 |
| Debt to equity | — | — | 0.01 | 0.01 | 0.01 | 0.1 | 0 | 0 |
| Interest coverage | 192.3 | 25.2 | 33.8 | 43.5 | 39.5 | 28.3 | 23.3 | 27.5 |
| Asset turnover | — | 9.46 | 1.16 | 1.26 | 1.41 | 1.29 | 1.24 | 1.14 |
| Return ratios | ||||||||
| Return on assets % | — | 132.2% | 18.1% | 18.4% | 18.8% | 16.6% | 15% | 13.4% |
| Return on capital employed % | — | — | 33% | 36% | 43.1% | 31.5% | 27.9% | 29.2% |
| Return on equity % | — | — | 26.5% | 26.1% | 26.6% | 22.9% | 20.3% | 20.7% |
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.