Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 21% | 19.4% | 17.2% | 20.2% | 28.8% | 26.1% | 13.4% | 6.3% |
| EBIT margin % | 16.9% | 13.9% | 11.5% | 15.8% | 25.6% | 22.1% | 8.9% | 3% |
| PAT margin % | 13.3% | 10.7% | 12.1% | 13.5% | 19.9% | 17.3% | 8.3% | 5.6% |
| Working capital | ||||||||
| Receivable days | 80 | — | 72 | 81 | 82 | 70 | 48 | 84 |
| Inventory days | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 7 | — | 4 | 9 | 12 | 2 | 3 | 23 |
| NWC days | 73 | — | 69 | 73 | 69 | 68 | 44 | 61 |
| Leverage | ||||||||
| Current ratio | 3.89 | — | 4.4 | 3.98 | 3.98 | 5.81 | 3.35 | 2.18 |
| Debt to EBITDA | 0.12 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.04 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 48.2 | 19.9 | 29.9 | 49.6 | 59 | 40.9 | 24.3 | 21.7 |
| Asset turnover | 1.45 | 3.97 | 1.09 | 1.09 | 1.14 | 1.1 | 1.06 | 1.06 |
| Return ratios | ||||||||
| Return on assets % | 19.4% | 42.2% | 13.1% | 14.7% | 22.6% | 19.1% | 8.9% | 5.9% |
| Return on capital employed % | 35.9% | — | 22.5% | 25.8% | 42.3% | 31.8% | 13.5% | 10.8% |
| Return on equity % | 23.5% | — | 16.3% | 18.3% | 28.2% | 22.9% | 10.3% | 7.9% |
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.