Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 97.6% | — | — | — | — | — | — |
| EBITDA margin % | 12.3% | 10.3% | 10.7% | 17.8% | 16.5% | 12.4% | 5.7% | 11.1% |
| EBIT margin % | 9.2% | 7.2% | 7.8% | 15.7% | 14.8% | 10.9% | 4.4% | 9.6% |
| PAT margin % | 7.5% | 7.4% | 12.3% | 19.2% | 14.1% | 11.7% | 7.8% | 13.3% |
| Working capital | ||||||||
| Receivable days | 86 | 97 | 76 | 94 | 79 | 53 | 56 | 56 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 2 |
| Payable days | — | — | 50 | 41 | 35 | 31 | 38 | 50 |
| NWC days | — | — | 25 | 53 | 45 | 22 | 18 | 9 |
| Leverage | ||||||||
| Current ratio | 1.98 | 1.86 | 2.99 | 3.21 | 4.5 | 4.24 | 2.49 | 2.51 |
| Debt to EBITDA | 0.55 | 1.14 | 0 | 0.39 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.06 | 0.1 | 0 | 0.06 | 0 | 0 | 0 | 0 |
| Interest coverage | 12.4 | 18.2 | 15.9 | 91.7 | 73.4 | 178.4 | 25 | 63.7 |
| Asset turnover | 0.67 | 0.66 | 0.67 | 0.69 | 0.81 | 0.76 | 0.67 | 0.6 |
| Return ratios | ||||||||
| Return on assets % | 5% | 4.8% | 8.3% | 13.3% | 11.4% | 8.9% | 5.2% | 8% |
| Return on capital employed % | 8.8% | 8.9% | 8.6% | 17.4% | 18.4% | 13.3% | 8.3% | 12.9% |
| Return on equity % | 6.1% | 6.3% | 10.1% | 16.5% | 13.4% | 10.4% | 6.5% | 9.9% |
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.