Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 14.3% | — | — | — | ||||
| — |
| — |
| 26.1% |
| — |
| EBITDA margin % | 9.6% | 9.5% | 18.5% | 21.8% | 17.5% | 18.6% | 17.2% | 16.4% |
| EBIT margin % | 2.3% | -9.9% | 16.8% | 20.6% | 16.2% | 16.5% | 14.7% | 13.6% |
| PAT margin % | 3% | -10.9% | 15.2% | 16.8% | 13.3% | 14% | 12.6% | 11.5% |
| Working capital | ||||||||
| Receivable days | — | — | 58 | 64 | 62 | 78 | 76 | 82 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 97 | 99 | 71 | 63 | 70 | 67 |
| NWC days | — | — | -39 | -35 | -9 | 15 | 5 | 15 |
| Leverage | ||||||||
| Current ratio | — | — | 1.79 | 1.9 | 2.12 | 2.03 | 2.31 | 2.3 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 106.6 | -28.1 | 388.6 | 511.7 | 414.6 | 111.2 | 105.9 | 145.5 |
| Asset turnover | — | 6.01 | 1.45 | 1.34 | 1.39 | 1.31 | 1.21 | 1.18 |
| Return ratios | ||||||||
| Return on assets % | — | -65.3% | 22.1% | 22.5% | 18.6% | 18.2% | 15.2% | 13.7% |
| Return on capital employed % | — | — | 46% | 58.5% | 37.9% | 38.3% | 29.3% | 26.3% |
| Return on equity % | — | — | 39.9% | 39.8% | 29.5% | 28.2% | 22.4% | 20.5% |
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.