Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 1.6% | 2.3% | 9.5% | 8.9% | 16.2% | 12% | 9.2% | 12.2% |
| EBIT margin % | 0.9% | 1.3% | 8.7% | 8.1% | 15.3% | 11.2% | 7.9% | 11.3% |
| PAT margin % | 5.6% | 7.6% | 11.9% | 12.3% | 18.5% | 21.9% | 20.3% | 19% |
| Working capital | ||||||||
| Receivable days | 123 | 68 | 98 | 101 | 71 | 90 | 121 | 134 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 553 | 624 | 1,170 | 1,136 | 1,196 | 21 | 19 | 27 |
| NWC days | -430 | -557 | -1,072 | -1,035 | -1,125 | 69 | 102 | 107 |
| Leverage | ||||||||
| Current ratio | 1.46 | 1.38 | 1.19 | 1.26 | 1.3 | 0.53 | 0.71 | 0.95 |
| Debt to EBITDA | 0 | 0 | 2.46 | 0.48 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0.32 | 0.05 | 0 | 0 | 0 | 0 |
| Interest coverage | 5.1 | 5.4 | 8 | 6 | 6.6 | 14.1 | 16.3 | 19.9 |
| Asset turnover | 0.41 | 0.39 | 0.25 | 0.26 | 0.27 | 0.23 | 0.26 | 0.27 |
| Return ratios | ||||||||
| Return on assets % | 2.3% | 3% | 3% | 3.2% | 4.9% | 5.1% | 5.4% | 5% |
| Return on capital employed % | 11.7% | 15.6% | 27.2% | 25.4% | 32.6% | 29.5% | 22.3% | 20.8% |
| Return on equity % | 6.5% | 9.7% | 16% | 14.1% | 18.8% | 17.3% | 14.4% | 13.5% |
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.