Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | 97.3% | — |
| EBITDA margin % | 16.4% | 18.4% | 21.7% | 19.6% | 13.2% | 14.4% | 12.5% | 15.3% |
| EBIT margin % | 12.5% | 13.7% | 17.4% | 16.3% | 10% | 11.5% | 9.8% | 13% |
| PAT margin % | 16.7% | 9.6% | 11.8% | 14.5% | 8.3% | 11.3% | 11.2% | 10.7% |
| Working capital | ||||||||
| Receivable days | 136 | 98 | 47 | 48 | 28 | 49 | 35 | 95 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 9 | 0 |
| Payable days | — | — | 18 | 18 | 18 | 33 | 532 | 32 |
| NWC days | — | — | 29 | 31 | 10 | 16 | -488 | 64 |
| Leverage | ||||||||
| Current ratio | 2.17 | 2.75 | 3.64 | 4.36 | 2.94 | 2.49 | 3.35 | 3.1 |
| Debt to EBITDA | 0.23 | — | 0 | 0 | 0 | 0 | 0.03 | 0.02 |
| Debt to equity | 0.03 | — | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Interest coverage | 28 | 19 | 29 | 38 | 28.2 | 58.3 | 46.4 | 49.7 |
| Asset turnover | 0.6 | 0.87 | 0.89 | 1.02 | 1.49 | 1.31 | 1.23 | 1.12 |
| Return ratios | ||||||||
| Return on assets % | 10.1% | 8.4% | 10.6% | 14.7% | 12.4% | 14.8% | 13.8% | 12% |
| Return on capital employed % | 10.7% | 18.3% | 20.7% | 25.1% | 18.2% | 27.9% | 23.6% | 23.7% |
| Return on equity % | 14.2% | 11.6% | 13.9% | 18.6% | 16.4% | 20.3% | 18.1% | 16.8% |
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.