Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 12.7% | 14.5% | 21.2% | 21.2% | 17.8% | 16.7% | 15.8% | 15.8% |
| EBIT margin % | 11.1% | 12.2% | 18.6% | 19.2% | 15.2% | 13.7% | 13.6% | 13.9% |
| PAT margin % | 9.8% | 10.6% | 14.6% | 15.3% | 12.1% | 10.2% | 10.9% | 10.9% |
| Working capital | ||||||||
| Receivable days | 74 | 108 | 79 | 73 | 72 | 65 | 81 | 57 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 4 | — | 8 | 40 | 32 | 32 | 32 | 24 |
| NWC days | — | — | 71 | 33 | 40 | 33 | 49 | 33 |
| Leverage | ||||||||
| Current ratio | 2.87 | 1.81 | 1.87 | 1.78 | 1.69 | 1.44 | 1.95 | 2.16 |
| Debt to EBITDA | 1.09 | 2.03 | 0.71 | 0.41 | 0.81 | 0.96 | 1.02 | 0.72 |
| Debt to equity | 0.2 | 0.2 | 0.3 | 0.18 | 0.22 | 0.23 | 0.23 | 0.14 |
| Interest coverage | 22.7 | 47.5 | 42.9 | 59.3 | 17.3 | 9.8 | 11.7 | 18.2 |
| Asset turnover | 1.05 | 0.56 | 0.75 | 0.88 | 0.82 | 0.83 | 0.89 | 0.86 |
| Return ratios | ||||||||
| Return on assets % | 10.3% | 6% | 11% | 13.4% | 9.9% | 8.5% | 9.7% | 9.4% |
| Return on capital employed % | 18.9% | 15.3% | 23.3% | 28.5% | 21.1% | 17.3% | 17.8% | 18.7% |
| Return on equity % | 14.2% | 7.3% | 29.3% | 31.1% | 18.4% | 14.8% | 15.3% | 13.5% |
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.