Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 85% | 86.8% | 83% | 81.5% | 79.4% | 74.6% | 74.4% |
| EBITDA margin % | — | 64.7% | 65.2% | 63.8% | 63.4% | 61.6% | 53.1% | 51.1% |
| EBIT margin % | — | 44.8% | 52.5% | 55.3% | 50.6% | 61.4% | 39.7% | 34.4% |
| PAT margin % | 37.9% | 39.4% | 48% | 45.8% | 45.3% | 45% | 42.4% | 33.2% |
| Working capital | ||||||||
| Receivable days | 109 | 142 | 165 | 149 | 143 | 107 | 111 | 121 |
| Inventory days | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 238 | 131 | 132 | 106 | 96 | 133 |
| NWC days | — | — | -73 | 18 | 11 | 1 | 15 | -13 |
| Leverage | ||||||||
| Current ratio | 7.37 | 7 | 6.28 | 7.94 | 7.23 | 8.15 | 9.41 | 7.84 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | -264.1 | 144 | 73.5 | 67.3 | 242.5 | 5.9 | 170.8 | 147.9 |
| Asset turnover | 0.61 | 0.54 | 0.4 | 0.4 | 0.37 | 0.37 | 0.32 | 0.31 |
| Return ratios | ||||||||
| Return on assets % | 23.1% | 21.3% | 19.2% | 18.5% | 16.8% | 16.9% | 13.5% | 10.4% |
| Return on capital employed % | -8.4% | 31.8% | 30.3% | 29.1% | 26% | 31.5% | 20.5% | 16.8% |
| Return on equity % | 25.9% | 24.2% | 21.6% | 20.1% | 18.4% | 18.3% | 14.6% | 11.4% |
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.