Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 17.1% | 18.7% | 18.5% | 17.7% | 17.6% | 18.2% | 18.6% | 18.8% |
| EBIT margin % | 16.1% | 16% | 16.1% | 15.3% | 15.3% | 15.1% | 15.3% | 15.3% |
| PAT margin % | 13.9% | 13.4% | 12.5% | 12% | 11.9% | 11.7% | 12% | 11.7% |
| Working capital | ||||||||
| Receivable days | — | — | 35 | 30 | 67 | 67 | 73 | 96 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 27 | 32 | 28 | 27 | 31 | 38 |
| NWC days | — | — | 7 | -2 | 39 | 40 | 42 | 58 |
| Leverage | ||||||||
| Current ratio | — | — | 2.4 | 1.96 | 2.13 | 1.58 | 1.57 | 1.38 |
| Debt to EBITDA | — | — | 0.28 | 0.25 | 0.08 | 0.64 | 0.42 | 0.6 |
| Debt to equity | — | — | 0.08 | 0.08 | 0.03 | 0.18 | 0.12 | 0.17 |
| Interest coverage | 82 | 19.7 | 26.7 | 26.7 | 23.3 | 13.9 | 14.7 | 13.5 |
| Asset turnover | — | — | 1.03 | 1.11 | 1.19 | 0.94 | 0.95 | 0.89 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.9% | 13.3% | 14.1% | 11% | 11.4% | 10.5% |
| Return on capital employed % | — | — | 23.3% | 26.3% | 27.3% | 23.8% | 23.8% | 24.7% |
| Return on equity % | — | — | 18.6% | 20.6% | 20.6% | 17.7% | 17.7% | 17.3% |
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.