Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 18.8% | 30.7% | 43.4% | 45.4% | 33% | 36% | -32.4% | -18.5% |
| EBIT margin % | 13.6% | 22.4% | 37.9% | 40.5% | 26.3% | 31.3% | -42.5% | -28% |
| PAT margin % | — | — | 28.2% | 29.7% | 21.4% | 22.7% | 61.2% | 21.3% |
| Working capital | ||||||||
| Receivable days | — | — | 98 | 94 | — | 70 | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 35 | 26 | — | 45 | — | — |
| NWC days | — | — | 63 | 68 | — | 24 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 1.76 | 1.74 | — | 1.49 | — | — |
| Debt to EBITDA | — | 0 | 0.09 | 0.22 | 0.56 | 1.47 | — | — |
| Debt to equity | — | — | 0.03 | 0.09 | 0.13 | 0.46 | 0 | 0 |
| Interest coverage | 80.5 | 22.2 | 51.1 | 38 | 14.8 | 12.3 | 15.4 | 19.3 |
| Asset turnover | — | — | 0.42 | 0.4 | 0.38 | 0.34 | 0.22 | 0.27 |
| Return ratios | ||||||||
| Return on assets % | — | — | 11.7% | 11.9% | 8.1% | 7.7% | 13.4% | 5.8% |
| Return on capital employed % | — | — | 32.2% | 36.8% | — | 27.2% | — | — |
| Return on equity % | — | — | 24.5% | 25.4% | 15.4% | 19.7% | 15.8% | 6.8% |
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.