Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 8.9% | 9.3% | 12.6% | 11.2% | 10.2% | 10.3% | 10.5% |
| EBIT margin % | 5.8% | 6% | 9.1% | 8% | 7% | 7.6% | 7.9% |
| PAT margin % | 5.3% | 5.4% | 9% | 8.5% | 8.8% | 9.3% | 9.4% |
| Working capital | |||||||
| Receivable days | 65 | 67 | 57 | 54 | 54 | 59 | 61 |
| Inventory days | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Payable days | 9 | 14 | 12 | 8 | 7 | 10 | 22 |
| NWC days | 57 | 54 | 46 | 46 | 49 | 50 | 40 |
| Leverage | |||||||
| Current ratio | 1.5 | 1.81 | 2.85 | 3.85 | 4.54 | 3.45 | 2.68 |
| Debt to EBITDA | 1.53 | 1.06 | 0.15 | 0.15 | 0.38 | 0.34 | 0.42 |
| Debt to equity | 0.36 | 0.24 | 0.04 | 0.04 | 0.08 | 0.07 | 0.09 |
| Interest coverage | 5.2 | 7.3 | 24.6 | 33.9 | 24.7 | 19.3 | 19.2 |
| Asset turnover | 1.61 | 1.61 | 1.78 | 1.8 | 1.61 | 1.62 | 1.41 |
| Return ratios | |||||||
| Return on assets % | 8.5% | 8.7% | 16% | 15.3% | 14.2% | 15% | 13.2% |
| Return on capital employed % | 14.7% | 15.2% | 22% | 19.7% | 16.2% | 16.8% | 16.5% |
| Return on equity % | 14% | 12.9% | 20.5% | 18.8% | 17.7% | 19.3% | 17.9% |
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.