Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 28.3% | 27.2% | 28.6% | 20.3% | 15.4% |
| EBIT margin % | 25.2% | 22.8% | 25.4% | 18.4% | 13.5% |
| PAT margin % | 19.6% | 17.6% | 21.9% | 16.3% | 9.4% |
| Working capital | |||||
| Receivable days | 183 | 206 | 183 | 187 | 173 |
| Inventory days | 0 | 0 | — | — | — |
| Payable days | — | — | — | — | — |
| NWC days | — | — | — | — | — |
| Leverage | |||||
| Current ratio | 10.47 | 3.82 | 3.21 | 3.24 | 4.05 |
| Debt to EBITDA | 0.66 | 0.18 | 0.02 | 0 | 0.01 |
| Debt to equity | 0.13 | 0.04 | 0.01 | 0 | 0 |
| Interest coverage | 46.5 | 18.2 | 35.3 | 45.2 | 4.4 |
| Asset turnover | 0.58 | 0.63 | 0.74 | 0.72 | 0.7 |
| Return ratios | |||||
| Return on assets % | 11.4% | 11.1% | 16.3% | 11.7% | 6.6% |
| Return on capital employed % | 16.3% | 18.4% | 30.2% | 22.6% | 13.4% |
| Return on equity % | 13.7% | 13.3% | 19.9% | 14.3% | 7.5% |
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.