Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 26.4% | 28.3% | 30.6% | 28.4% | 26.8% | 28.7% | 33.8% |
| EBIT margin % | 25.6% | 27.6% | 30.1% | 28.1% | 26.5% | 28.5% | 33.8% |
| PAT margin % | 30% | 31.9% | 30.2% | 25.7% | 7.9% | 26.8% | 29.3% |
| Working capital | |||||||
| Receivable days | — | 17 | 31 | 16 | 24 | 24 | 30 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 60 | 49 | 45 | 52 | 53 | 42 |
| NWC days | — | -42 | -18 | -29 | -28 | -29 | -12 |
| Leverage | |||||||
| Current ratio | — | 6.62 | 8.87 | 9.94 | 6.09 | 4.57 | 4.97 |
| Debt to EBITDA | — | 0 | 0 | 0 | 2.23 | 1.61 | 1.04 |
| Debt to equity | — | 0 | 0 | 0 | 0.29 | 0.24 | 0.18 |
| Interest coverage | 457.1 | 269 | 381.4 | 597 | 36.4 | 11 | 15.2 |
| Asset turnover | — | 0.31 | 0.26 | 0.23 | 0.33 | 0.37 | 0.39 |
| Return ratios | |||||||
| Return on assets % | — | 10% | 7.8% | 6% | 2.6% | 9.8% | 11.4% |
| Return on capital employed % | — | 12.5% | 10.3% | 9.1% | 11.8% | 15.5% | 18.5% |
| Return on equity % | — | 11.2% | 8.6% | 6.6% | 3.9% | 13.8% | 15% |
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.