Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 26.4% | 14.7% | 17.9% | 20% | 14.8% | 15% | 12.8% | 11.2% |
| EBIT margin % | 23.6% | 7.1% | 11% | 13.8% | 8.2% | 9.1% | 6.4% | 5.3% |
| PAT margin % | 22% | 7.9% | 10.8% | 12.3% | 10.2% | 10.3% | 9.9% | 7.4% |
| Working capital | ||||||||
| Receivable days | 4 | 4 | 7 | 7 | 7 | 0 | 0 | 1 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 45 | 47 | 42 | 47 | 59 | 55 |
| NWC days | — | — | — | — | -36 | -47 | -59 | -55 |
| Leverage | ||||||||
| Current ratio | 1.77 | 1.92 | 2.17 | 2.45 | 2.05 | 2.17 | 1.63 | 1.39 |
| Debt to EBITDA | 0.07 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | 0.04 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 51.8 | 8.5 | 12.2 | 14.6 | 10.5 | 13.5 | 13.1 | 10.4 |
| Asset turnover | 1.23 | 0.92 | 0.83 | 0.83 | 0.98 | 0.96 | 0.99 | 1.04 |
| Return ratios | ||||||||
| Return on assets % | 27% | 7.3% | 9% | 10.3% | 10% | 9.9% | 9.8% | 7.8% |
| Return on capital employed % | 47.1% | 20% | 20.2% | 23% | 18.3% | 21.8% | 20.5% | 18.5% |
| Return on equity % | 44.1% | 12.9% | 15.5% | 17.3% | 18.4% | 17% | 18.7% | 16.5% |
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.