Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 19.6% | 20.4% | 19.5% | 18.7% | 17.7% | 20.6% | 23.1% | 28.7% |
| EBIT margin % | 17% | 13.2% | 10.4% | 10.6% | 9.6% | 12.9% | 14.6% | 17.9% |
| PAT margin % | 6.2% | 4.7% | 8.5% | 44.1% | 16.6% | 21.1% | 21.2% | 21.4% |
| Working capital | ||||||||
| Receivable days | 56 | — | 67 | 73 | 56 | 53 | 57 | 42 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 15 | — | 39 | 44 | 52 | 46 | 32 | 50 |
| NWC days | — | — | 27 | 28 | 4 | 6 | 25 | -8 |
| Leverage | ||||||||
| Current ratio | 9.1 | — | 4.13 | 3.49 | 2.82 | 2.86 | 2.77 | 2.71 |
| Debt to EBITDA | 0.01 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 167.1 | 18.4 | 11.1 | 67 | 19.7 | 29.3 | 26 | 18.1 |
| Asset turnover | 0.79 | — | 0.93 | 0.96 | 1.05 | 1.11 | 1.14 | 0.94 |
| Return ratios | ||||||||
| Return on assets % | 4.9% | — | 7.9% | 42.5% | 17.5% | 23.4% | 24.3% | 20.1% |
| Return on capital employed % | 18.7% | — | 13.9% | 68.2% | 31% | 40.3% | 35.3% | 37% |
| Return on equity % | 5.4% | — | 10.2% | 60.2% | 26% | 33.5% | 35.2% | 41.8% |
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.