Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 9.3% | 23.4% | 25.1% | 32.4% | 32.9% | 31.9% | 23.1% | 24.3% |
| EBIT margin % | 9.3% | 23.4% | 21.4% | 29.1% | 29.9% | 28.9% | 20% | 21.5% |
| PAT margin % | 7.8% | 17% | 16.2% | 23.1% | 23.3% | 21.3% | 16.4% | 16.5% |
| Working capital | ||||||||
| Receivable days | — | — | 55 | 51 | 41 | 46 | 59 | 46 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 5 | 3 | 2 | 1 | 3 | 3 |
| NWC days | — | — | 50 | 47 | 39 | 45 | 56 | 43 |
| Leverage | ||||||||
| Current ratio | — | — | 3.3 | 5.99 | 1.83 | 3.25 | 5.61 | 3.72 |
| Debt to EBITDA | — | — | 0.03 | 0 | 0.21 | 0 | 0 | 0 |
| Debt to equity | — | — | 0.01 | 0 | 0.08 | 0 | 0 | 0 |
| Interest coverage | — | 500 | 15.8 | 34.5 | 31.6 | 32.5 | 25.7 | 21 |
| Asset turnover | — | — | 1.05 | 1.06 | 0.92 | 1.09 | 0.92 | 0.81 |
| Return ratios | ||||||||
| Return on assets % | — | — | 17% | 24.4% | 21.5% | 23.3% | 15% | 13.4% |
| Return on capital employed % | — | — | 29.1% | 42% | 39.6% | 39.2% | 24.6% | 21.7% |
| Return on equity % | — | — | 23.1% | 30.2% | 28.5% | 27.6% | 17.3% | 15.1% |
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.