Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 98.5% | — | — | — | — | — | — | — |
| EBITDA margin % | 27% | 26.8% | 28.4% | 27.7% | 26.3% | 26.7% | 26.4% | 27.1% |
| EBIT margin % | 25.6% | 24.6% | 25.9% | 25.3% | 24.1% | 24.6% | 24.3% | 25% |
| PAT margin % | 21.6% | 20.7% | 19.8% | 20.1% | 18.8% | 19.1% | 19.1% | 18.5% |
| Working capital | ||||||||
| Receivable days | 68 | 71 | 82 | 80 | 81 | 81 | 84 | 93 |
| Inventory days | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 1,012 | 21 | 24 | 21 | 23 | 21 | 27 | 28 |
| NWC days | -942 | 50 | 57 | 58 | 58 | 61 | 57 | 65 |
| Leverage | ||||||||
| Current ratio | 4.17 | 3.33 | 2.91 | 2.56 | 2.53 | 2.45 | 2.32 | 2.23 |
| Debt to EBITDA | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 210.9 | 46.7 | 71.6 | 66.9 | 74.1 | 81.9 | 83.1 | 58.1 |
| Asset turnover | 1.27 | 1.3 | 1.26 | 1.36 | 1.57 | 1.64 | 1.6 | 1.46 |
| Return ratios | ||||||||
| Return on assets % | 27.5% | 26.8% | 24.9% | 27.2% | 29.4% | 31.5% | 30.6% | 27.1% |
| Return on capital employed % | 46.1% | 46.2% | 47.9% | 53.6% | 57.9% | 63.6% | 63.9% | 62.5% |
| Return on equity % | 35.3% | 38.6% | 37.7% | 43.1% | 46.8% | 50.9% | 51.5% | 46.1% |
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.