Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 84.5% | 80.1% | 81.3% | 77.4% | 80.9% | 20.1% | 64.1% | 67.7% |
| EBIT margin % | 84.2% | 79.8% | 80.5% | 75.6% | 79.2% | 19.7% | 62.6% | 66% |
| PAT margin % | 69.9% | 71.8% | 75% | 67.5% | 68.2% | 19.6% | 63.4% | 97.2% |
| Working capital | ||||||||
| Receivable days | — | — | 33 | 0 | 0 | 8 | 0 | 0 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 0 | 0 | 2 | 6 | 0 | 5 |
| NWC days | — | — | 33 | 0 | -2 | 2 | 0 | -5 |
| Leverage | ||||||||
| Current ratio | — | — | 8.44 | 10.79 | 2.34 | 6.63 | 6.45 | 14.41 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 24.3 | 21.5 | 20 | 19.8 | 18.9 | 22.9 | 18.4 | 16.4 |
| Asset turnover | — | — | 0.27 | 0.27 | 0.19 | 0.86 | 0.19 | 0.16 |
| Return ratios | ||||||||
| Return on assets % | — | — | 19.9% | 17.9% | 12.9% | 16.8% | 12.3% | 15.2% |
| Return on capital employed % | — | — | 28.7% | 28.8% | 24.7% | 26.8% | 19.6% | 16.7% |
| Return on equity % | — | — | 295.5% | 76.6% | 44.3% | 38.3% | 24.4% | 25.1% |
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.