Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| 90.8% |
| EBITDA margin % | 31.3% | 44.8% | 47.4% | 44.2% | 29.2% | 9.4% | 59.8% | 71.3% |
| EBIT margin % | 26.2% | 40.3% | 41.8% | 38% | 24.9% | 4.2% | 54.1% | 67.9% |
| PAT margin % | 48.7% | 59.5% | 57.7% | 39.1% | 29% | 12.2% | 50.3% | 57.8% |
| Working capital | ||||||||
| Receivable days | 7 | 6 | 8 | 11 | 10 | 33 | 9 | 10 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 52 | 72 | 47 | 21 | 36 | 70 | 331 |
| NWC days | — | — | — | -36 | -11 | -3 | -60 | -321 |
| Leverage | ||||||||
| Current ratio | 2.69 | 1.65 | 2.02 | 2.3 | 1.81 | 1.23 | 1.87 | 1.31 |
| Debt to EBITDA | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 17,707 | 1,659.3 | 1,404.5 | 858.3 | 932.2 | 384.3 | 1,550.6 | 4,696.4 |
| Asset turnover | 0.14 | 0.15 | 0.16 | 0.13 | 0.17 | 0.2 | 0.26 | 0.31 |
| Return ratios | ||||||||
| Return on assets % | 7% | 8.6% | 9% | 5.1% | 4.9% | 2.4% | 12.9% | 17.8% |
| Return on capital employed % | 11% | 15.4% | 14.2% | 10.4% | 9.5% | 4.8% | 27.2% | 46.7% |
| Return on equity % | 11.7% | 17.4% | 15.9% | 10.1% | 10.1% | 6% | 29.7% | 46.8% |
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.