Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 71.4% | 75.6% | 81.6% | 78.7% | 62% | 63.3% | 74.1% | 67.8% |
| EBIT margin % | 71.4% | 75.6% | 81.5% | 78.6% | 61.5% | 62.7% | 73.5% | 67% |
| PAT margin % | 43.7% | 81.3% | 74% | 72.2% | 75.4% | 72.4% | 50.8% | 42.6% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| NWC days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Leverage | ||||||||
| Current ratio | — | — | 0.78 | 1.65 | 2.17 | 3.45 | 5.08 | 1.63 |
| Debt to EBITDA | — | — | 0.71 | 0.96 | 1.47 | 0.61 | 0.21 | 1.38 |
| Debt to equity | — | — | 0.31 | 0.33 | 0.22 | 0.11 | 0.07 | 0.25 |
| Interest coverage | 16 | 6.4 | 8.3 | 9.7 | 6.4 | 8 | 7 | 4.7 |
| Asset turnover | — | — | 0.4 | 0.31 | 0.19 | 0.24 | 0.37 | 0.2 |
| Return ratios | ||||||||
| Return on assets % | — | — | 29.5% | 22% | 14.5% | 17.3% | 19% | 8.4% |
| Return on capital employed % | — | — | 57.6% | 53.6% | 28.9% | 31.3% | 34.6% | 18.9% |
| Return on equity % | — | — | 40.3% | 31.7% | 18.1% | 19.9% | 21.5% | 11.4% |
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.