Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 22.4% | 21.5% | 29.5% | 33.8% | 27.7% | 24.7% | 21.6% | 22.7% |
| EBIT margin % | 20.1% | 17.5% | 25.3% | 30.5% | 24.5% | 21.6% | 18.2% | 19.3% |
| PAT margin % | 18.4% | 11% | 20% | 22.9% | 20% | 17% | 14.8% | 16% |
| Working capital | ||||||||
| Receivable days | 60 | 56 | 59 | 56 | 62 | 59 | 88 | 97 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 28 | — | 26 | 28 | 25 | 28 | 35 | 40 |
| NWC days | — | — | 34 | 27 | 37 | 31 | 53 | 57 |
| Leverage | ||||||||
| Current ratio | 6.2 | 3.85 | 2.75 | 3.41 | 2.91 | 3.89 | 2.82 | 1.92 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 14.1 | 18.7 | 30 | 32 | 26.6 | 16.6 | 20.8 |
| Asset turnover | 0.76 | 0.74 | 0.79 | 1 | 1.18 | 1.02 | 1.19 | 1.37 |
| Return ratios | ||||||||
| Return on assets % | 13.9% | 8.2% | 15.7% | 23% | 23.7% | 17.3% | 17.6% | 21.9% |
| Return on capital employed % | 23% | 19.2% | 27.6% | 39.2% | 40.2% | 32.9% | 29.9% | 40.7% |
| Return on equity % | 16.1% | 11.1% | 20.2% | 30.2% | 32.7% | 23.6% | 26.5% | 37.8% |
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.