Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| 78.9% |
| EBITDA margin % | 14.1% | 17.9% | 29.3% | 29.8% | 22.6% | 7.6% | 4.2% | 7.9% |
| EBIT margin % | 12.8% | 15.6% | 27.1% | 28.2% | 21% | 5.7% | 1.6% | 4.4% |
| PAT margin % | 17.9% | 16% | 25.8% | 29.6% | 22.3% | 19.4% | 9.2% | 5.3% |
| Working capital | ||||||||
| Receivable days | 60 | — | 55 | 69 | 59 | 59 | 71 | 57 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 55 |
| Payable days | — | — | 16 | 19 | 12 | 16 | 11 | 53 |
| NWC days | — | — | 39 | 50 | 47 | 43 | 60 | 59 |
| Leverage | ||||||||
| Current ratio | 2.97 | — | 2.5 | 1.63 | 2.26 | 1.57 | 3.38 | 2.17 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 158.7 | 319.1 | 3,158 | 952 | 285.2 | 23.4 | 22 |
| Asset turnover | 0.64 | — | 0.67 | 0.56 | 0.54 | 0.44 | 0.57 | 0.95 |
| Return ratios | ||||||||
| Return on assets % | 11.4% | — | 17.1% | 16.6% | 12.1% | 8.5% | 5.3% | 5% |
| Return on capital employed % | 16.6% | — | 26.3% | 25.6% | 17.8% | 12.3% | 7.9% | 10% |
| Return on equity % | 13% | — | 20.3% | 19.6% | 13.8% | 10.2% | 6.4% | 6.9% |
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.