Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 84% | — | — | — | — | — | — | — |
| EBITDA margin % | 1.5% | 1.6% | 6.8% | 7% | 8.1% | 8.4% | 8.3% | 9.3% |
| EBIT margin % | 0.8% | -0.9% | 4.6% | 5.3% | 6.7% | 7.3% | 7.2% | 8.2% |
| PAT margin % | 0.9% | -23.5% | 3.8% | 11.2% | 6.2% | 7.1% | 6.8% | 7.7% |
| Working capital | ||||||||
| Receivable days | — | — | 64 | 89 | 93 | 88 | 87 | 102 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 18 | 24 | 18 | 17 | 16 | 20 |
| NWC days | — | — | 46 | 65 | 75 | 71 | 71 | 82 |
| Leverage | ||||||||
| Current ratio | — | — | 2.64 | 3.49 | 4.22 | 4.65 | 4.68 | 5.63 |
| Debt to EBITDA | — | — | 0.92 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0.13 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 5.4 | -0.4 | 10.8 | 22.6 | 26.7 | 38.7 | 34.7 | 40.2 |
| Asset turnover | — | — | 1.39 | 1.3 | 1.39 | 1.4 | 1.32 | 1.1 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.3% | 14.5% | 8.6% | 9.9% | 8.9% | 8.5% |
| Return on capital employed % | — | — | 12% | 12.6% | 14.2% | 16.3% | 15.4% | 14.9% |
| Return on equity % | — | — | 7.8% | 19% | 10.9% | 12.4% | 11% | 10.4% |
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.