Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 21.6% | 25.6% | 28.7% | 24% | 23.8% | 23.6% |
| EBIT margin % | 18.8% | 22.6% | 24.8% | 20.9% | 21.3% | 21.2% |
| PAT margin % | 15.8% | 17.8% | 19.1% | 17.2% | 17.7% | 16.9% |
| Working capital | ||||||
| Receivable days | 87 | 76 | — | — | — | — |
| Inventory days | 21 | 11 | 6 | 8 | 0 | 0 |
| Payable days | 153 | 131 | — | — | — | — |
| NWC days | -44 | -44 | — | — | — | — |
| Leverage | ||||||
| Current ratio | 2.11 | 1.33 | — | — | — | — |
| Debt to EBITDA | 0.04 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.02 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 37.5 | 42.4 | 76.8 | 89.9 | 111.6 | 63.7 |
| Asset turnover | 1.01 | 1.13 | 1.18 | 1.06 | 1.17 | 1.08 |
| Return ratios | ||||||
| Return on assets % | 15.9% | 20.1% | 22.4% | 18.3% | 20.7% | 18.1% |
| Return on capital employed % | 37% | 52.3% | — | — | — | — |
| Return on equity % | 28.7% | 33.8% | 33.3% | 28.8% | 29.3% | 25.2% |
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.