Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 21% | 15% | 13.2% | 15.2% | 13.1% | 14.2% | 13.8% |
| EBIT margin % | 17.3% | 12.6% | 11.4% | 13.7% | 11.7% | 13.1% | 12.9% |
| PAT margin % | 14.2% | 10.6% | 14.2% | 13.5% | 13.4% | 16.2% | 15.5% |
| Working capital | |||||||
| Receivable days | 115 | 95 | 80 | 73 | 106 | 78 | 65 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 117 | 158 | 151 | 192 | 173 | 217 |
| NWC days | — | -22 | -78 | -79 | -85 | -95 | -152 |
| Leverage | |||||||
| Current ratio | 2.09 | 1.6 | 3.74 | 3.38 | 3.96 | 4.02 | 3.07 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 53.3 | 110.9 | 117.6 | 451.2 | 152.7 | 137.1 | 225.8 |
| Asset turnover | 0.47 | 0.88 | 0.39 | 0.45 | 0.28 | 0.32 | 0.34 |
| Return ratios | |||||||
| Return on assets % | 6.6% | 9.3% | 5.6% | 6.1% | 3.7% | 5.2% | 5.3% |
| Return on capital employed % | 14.3% | 20.9% | 14.4% | 10.2% | 7.7% | 8.6% | 9.1% |
| Return on equity % | 10.1% | 14.6% | 6.7% | 7.4% | 4.4% | 6.1% | 6.5% |
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.