Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 19.1% | 15.9% | 12.8% | 16.8% | 17.7% | 16.5% | 12.8% |
| EBIT margin % | 12.1% | 9.3% | 7.1% | 12.2% | 13.7% | 11.9% | 8.6% |
| PAT margin % | 11.3% | 8.9% | 11% | 10.8% | 12.3% | 17.9% | 10.8% |
| Working capital | |||||||
| Receivable days | — | — | 77 | 70 | 109 | 74 | 86 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 13 | 9 | 12 | 11 | 11 |
| NWC days | — | — | 64 | 61 | 98 | 63 | 75 |
| Leverage | |||||||
| Current ratio | — | — | 5.47 | 4.84 | 4.5 | 4.96 | 5 |
| Debt to EBITDA | — | — | 0.18 | 0.12 | 0 | 0.03 | 0 |
| Debt to equity | — | — | 0.02 | 0.02 | 0 | 0 | 0 |
| Interest coverage | 11.7 | 16.3 | 54.4 | 37.3 | 71.1 | 1,076 | 725.5 |
| Asset turnover | — | — | 0.68 | 0.7 | 0.68 | 0.61 | 0.61 |
| Return ratios | |||||||
| Return on assets % | — | — | 7.5% | 7.5% | 8.4% | 11% | 6.6% |
| Return on capital employed % | — | — | 10% | 11.4% | 12.7% | 16.4% | 10% |
| Return on equity % | — | — | 9% | 9% | 9.9% | 12.8% | 7.7% |
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.