Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 2.1% | 1.8% | 2% | 2.2% | 1.6% | 1.4% | 1.2% | 1.3% |
| EBIT margin % | 1.9% | 1.3% | 1.3% | 1.6% | 1% | 0.8% | 0.8% | 0.9% |
| PAT margin % | 2.2% | 0.7% | 1.6% | 0.6% | 1.4% | 1.2% | 1% | 1.2% |
| Working capital | ||||||||
| Receivable days | 22 | 21 | 21 | 21 | 25 | 18 | 16 | 25 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 |
| NWC days | — | — | 19 | 18 | 23 | 15 | 14 | 22 |
| Leverage | ||||||||
| Current ratio | 1.15 | 0.99 | 1.53 | 1.43 | 1.45 | 1.31 | 1.31 | 1.45 |
| Debt to EBITDA | 0.11 | 0.8 | 0 | 0.19 | 0.16 | 0.8 | 0.33 | 0.22 |
| Debt to equity | 0.02 | 0.13 | 0 | 0.04 | 0.02 | 0.13 | 0.05 | 0.03 |
| Interest coverage | 19.5 | 7.9 | 14.4 | 30.6 | 21.6 | 12.2 | 8.7 | 11.8 |
| Asset turnover | 4.08 | 4.14 | 3.72 | 4.21 | 4.45 | 4.81 | 5.2 | 4.21 |
| Return ratios | ||||||||
| Return on assets % | 9% | 2.8% | 6% | 2.6% | 6.3% | 5.8% | 5.2% | 5% |
| Return on capital employed % | 18.6% | 15.1% | 13.8% | 15.1% | 13.2% | 12.4% | 12.2% | 13% |
| Return on equity % | 18.2% | 6.1% | 12% | 5.7% | 13.8% | 14.1% | 12.2% | 13.6% |
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.