Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 18.2% | 14.9% | 18% | 18% | 14.6% | 8.7% | 13.1% | 15.9% |
| EBIT margin % | 15% | 11% | 14.1% | 14.6% | 10.9% | 5.2% | 9.6% | 12.6% |
| PAT margin % | 12.3% | 10.6% | 11.5% | 12.6% | 9.1% | 4.6% | 8% | 8.5% |
| Working capital | ||||||||
| Receivable days | — | — | 87 | 98 | 88 | 80 | 80 | 86 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 1 |
| Payable days | — | — | 33 | 41 | 35 | 32 | 35 | 39 |
| NWC days | — | — | 55 | 57 | 53 | 49 | 45 | 48 |
| Leverage | ||||||||
| Current ratio | — | — | 2.46 | 1.96 | 1.68 | 1.69 | 1.87 | 1.9 |
| Debt to EBITDA | — | — | 0.25 | 0.2 | 0.2 | 0.34 | 0.29 | 0.24 |
| Debt to equity | — | — | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| Interest coverage | 43.1 | 27.4 | 35.2 | 46.8 | 20.9 | 9.2 | 18.5 | 21.3 |
| Asset turnover | — | — | 0.95 | 0.99 | 1.15 | 1.2 | 1.19 | 1.15 |
| Return ratios | ||||||||
| Return on assets % | — | — | 11% | 12.5% | 10.5% | 5.5% | 9.6% | 9.7% |
| Return on capital employed % | — | — | 20.8% | 24.6% | 21.3% | 11.8% | 19.4% | 21.5% |
| Return on equity % | — | — | 17.5% | 20.9% | 17.4% | 9% | 15.5% | 16.2% |
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.