Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 67.9% | 62.5% | 43.6% | 56.9% | 70.6% | 68.5% | 54.2% | 51% |
| EBIT margin % | 67.6% | 62.4% | 43.4% | 56.7% | 70.5% | 68.4% | 54% | 50.8% |
| PAT margin % | 19% | 27.2% | 13.3% | 26% | 30.1% | 28.4% | 23.7% | 18.8% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 4.17 | 4.07 | 5.84 | 5.02 | 4.83 | 3.18 | 4.17 | 6.57 |
| Debt to equity | 7.2 | 1.41 | 1.2 | 1.26 | 1.4 | 0.54 | 0.7 | 1.14 |
| Interest coverage | 1.6 | 2 | 1.5 | 2.2 | 2.2 | 2.1 | 2.3 | 1.9 |
| Asset turnover | 0.3 | 0.23 | 0.21 | 0.19 | 0.17 | 0.16 | 0.18 | 0.16 |
| Return ratios | ||||||||
| Return on assets % | 5.8% | 6.1% | 2.8% | 5% | 5% | 4.5% | 4.2% | 3% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 48.4% | 15.1% | 6.3% | 11.5% | 12.4% | 7.1% | 7.4% | 6.4% |
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.