Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 57.6% | 34.9% | 40.2% | 39.2% | 44.1% | 43.8% | 46.1% | 48.3% |
| EBIT margin % | 56.6% | 31.8% | 37% | 36% | 40.9% | 41.1% | 43.7% | 46% |
| PAT margin % | 45.4% | 36.7% | 39.1% | 38.5% | 41.7% | 42.2% | 44% | 45% |
| Working capital | ||||||||
| Receivable days | — | — | 28 | 23 | 24 | 19 | 24 | 24 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 9 | 8 | 0 | 10 | 16 | 15 |
| NWC days | — | — | 18 | 15 | 24 | 9 | 8 | 9 |
| Leverage | ||||||||
| Current ratio | — | — | 11.63 | 13.28 | 13.66 | 10.26 | 7.75 | 6.32 |
| Debt to EBITDA | — | — | 0 | 0 | 0.11 | 0.13 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0.02 | 0.02 | 0 | 0 |
| Interest coverage | — | 136.5 | 198.8 | 268.4 | 198.3 | 110.4 | 125.7 | 147.2 |
| Asset turnover | — | — | 0.34 | 0.31 | 0.32 | 0.33 | 0.35 | 0.35 |
| Return ratios | ||||||||
| Return on assets % | — | — | 13.2% | 11.9% | 13.5% | 14% | 15.3% | 15.7% |
| Return on capital employed % | — | — | 18.6% | 16.8% | 19.9% | 21.5% | 23.6% | 24.5% |
| Return on equity % | — | — | 14.7% | 13% | 14.9% | 15.7% | 17.3% | 17.7% |
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.