Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 68.8% | 70.9% | 71.1% | 59.9% | 53.1% | 53.8% | 65.5% | 68.5% |
| EBIT margin % | 67.8% | 69.5% | 69.6% | 59% | 49.7% | 49.3% | 61.9% | 66% |
| PAT margin % | 26.4% | 23.5% | 25% | 21.2% | 12.4% | 11.1% | 17.2% | 22.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 26 | 23 | 22 | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 6.23 | 5.03 | 6.41 | 7.37 | 8.88 | 7.43 | 7.45 | 7.57 |
| Debt to equity | 1.55 | 1.39 | 1.61 | 1.89 | 1.6 | 2 | 2.97 | 2.81 |
| Interest coverage | 2 | 1.9 | 1.9 | 1.9 | 1.5 | 1.4 | 1.6 | 1.8 |
| Asset turnover | 0.14 | 0.16 | 0.13 | 0.14 | 0.12 | 0.16 | 0.15 | 0.14 |
| Return ratios | ||||||||
| Return on assets % | 3.6% | 3.8% | 3.2% | 3% | 1.5% | 1.8% | 2.5% | 3.1% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 9.5% | 9.2% | 8.8% | 9% | 4.2% | 5.6% | 10.5% | 12.2% |
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.