Standalone figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 87.3% | 84.6% | 77.4% | 81.2% | 88.6% | 86.7% | 86% | 79.1% |
| EBIT margin % | 87.3% | 84.1% | 77% | 80.4% | 87.7% | 85.3% | 84.6% | 78.1% |
| PAT margin % | 16.4% | 3.7% | 4.8% | 15.1% | 19.1% | 14.3% | 14.9% | 14.3% |
| Working capital | ||||||||
| Receivable days | — | 0 | 0 | 0 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | 33 | 0 | 0 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 11.14 | 11.78 | 11.09 | 9.25 | 9.34 | 9.41 | 10.58 |
| Debt to equity | — | 9.3 | 8.26 | 6.85 | 5.38 | 4.68 | 4.44 | 4.3 |
| Interest coverage | 1.4 | 1.1 | 1.2 | 1.3 | 1.4 | 1.3 | 1.3 | 1.2 |
| Asset turnover | — | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Return ratios | ||||||||
| Return on assets % | — | 0.3% | 0.5% | 1.5% | 2% | 1.4% | 1.5% | 1.4% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | 3.6% | 4.4% | 11.5% | 12.5% | 8.3% | 8.2% | 7.3% |
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.