Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 24.3% | 28.5% | 37.2% | 33.4% | 27.7% | 28.3% | 26.3% | 30.1% |
| EBIT margin % | 21.2% | 20.9% | 31.1% | 27.8% | 21.2% | 22.5% | 20.9% | 23% |
| PAT margin % | 25.9% | 19.4% | 27.7% | 24.4% | 18.1% | 20% | 18.5% | 15% |
| Working capital | ||||||||
| Receivable days | 206 | 145 | 143 | 119 | 169 | 166 | 142 | 152 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 18 | 17 | 17 | 16 | 19 | 29 | 24 | 20 |
| NWC days | — | 128 | 126 | 103 | 150 | 138 | 117 | 132 |
| Leverage | ||||||||
| Current ratio | 8.7 | 4.2 | 2.8 | 3.83 | 4.31 | 3.56 | 1.46 | 1.18 |
| Debt to EBITDA | 0.02 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.4 | 0.36 |
| Debt to equity | 0 | 0 | 0.01 | 0 | 0 | 0 | 0.1 | 0.14 |
| Interest coverage | 144.8 | 14.5 | 28.8 | 23.6 | 21.8 | 22.9 | 12.2 | 11.2 |
| Asset turnover | 0.32 | 0.4 | 0.5 | 0.58 | 0.53 | 0.54 | 0.61 | 0.67 |
| Return ratios | ||||||||
| Return on assets % | 8.4% | 7.7% | 13.9% | 14.1% | 9.5% | 10.8% | 11.2% | 10.1% |
| Return on capital employed % | 10.1% | 10% | 19.1% | 19.3% | 13.1% | 15.4% | 18% | 22.7% |
| Return on equity % | 8.7% | 8.8% | 16.9% | 16.7% | 10.8% | 13.3% | 16.6% | 18.8% |
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.