Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 23.2% | 15.2% | 10.1% | 15.6% | 10.6% | 13.1% | 11.4% | 20.8% |
| EBIT margin % | 20.7% | 9.3% | 2.7% | 11.1% | 6.1% | 9.2% | 8.4% | 13.9% |
| PAT margin % | 61.6% | 89.4% | 16.9% | 135.6% | 147.7% | 86.2% | 94.1% | 39.1% |
| Working capital | ||||||||
| Receivable days | 116 | 41 | 32 | 24 | 36 | 31 | 38 | 59 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 8 | 10 | 9 | 10 | 20 | 26 |
| NWC days | — | — | 24 | 15 | 27 | 21 | 18 | 33 |
| Leverage | ||||||||
| Current ratio | 9.53 | 20.97 | 2.57 | 5.48 | 5.35 | 3.78 | 6.14 | 5.6 |
| Debt to EBITDA | 0.05 | 0.48 | 13.2 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0.03 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 60.5 | 39.3 | 4.1 | 57.3 | 69.3 | 31.8 | 206 | 10.2 |
| Asset turnover | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | 1.3% | 1.8% | 0.3% | 2.3% | 2.5% | 1.4% | 2.4% | 1.7% |
| Return on capital employed % | 2.7% | 2.1% | 0.6% | 2.9% | 2.6% | 1.6% | 2.6% | 2.2% |
| Return on equity % | 1.3% | 1.8% | 0.3% | 2.3% | 2.5% | 1.4% | 2.4% | 1.8% |
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.