Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 98.3% | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 8.1% | 8.6% | 7.2% | 7% | 6.2% | 11.1% | 9.1% | 13.2% |
| EBIT margin % | 5.9% | 4.4% | 2.8% | 3.7% | 3.2% | 8.3% | 6.4% | 10.3% |
| PAT margin % | 3.9% | 2.3% | 3.1% | 7.7% | 2.6% | 7.2% | 5.5% | 8.2% |
| Working capital | ||||||||
| Receivable days | — | 67 | 62 | 79 | 91 | 78 | 81 | 81 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 12 | 15 | 10 | 11 | 8 | 9 |
| NWC days | — | — | 50 | 64 | 81 | 67 | 74 | 71 |
| Leverage | ||||||||
| Current ratio | — | 1.53 | 1.73 | 3.07 | 3.01 | 3.76 | 3.87 | 3.66 |
| Debt to EBITDA | — | 0.8 | 0.89 | 0.03 | 0.02 | 0 | 0 | 0 |
| Debt to equity | — | 0.27 | 0.21 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 6.5 | 3.8 | 5.2 | 32.5 | 11.9 | 34.7 | 17.4 | 21.8 |
| Asset turnover | — | 1.99 | 1.75 | 1.34 | 1.82 | 1.65 | 1.57 | 1.47 |
| Return ratios | ||||||||
| Return on assets % | — | 4.6% | 5.3% | 10.3% | 4.7% | 11.8% | 8.6% | 12% |
| Return on capital employed % | — | 16% | 14.5% | 24.6% | 10.7% | 22.1% | 15.7% | 22.7% |
| Return on equity % | — | 9.2% | 9.9% | 14.5% | 6.6% | 16.4% | 12.1% | 17.5% |
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.