Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 40.1% | 39.2% | 40.5% | 37.2% | 35.1% | 35.1% | 34.7% | 31% |
| EBIT margin % | 35.1% | 33.2% | 32.6% | 30.8% | 29.8% | 30.1% | 30.1% | 26.8% |
| PAT margin % | 31.5% | 27.5% | 24.5% | 26.8% | 24.8% | 24.3% | 24% | 13.9% |
| Working capital | ||||||||
| Receivable days | — | 84 | 53 | 100 | 102 | 92 | 105 | 89 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 42 | 47 | 32 | 34 | 27 | 42 | 88 |
| NWC days | — | 43 | 7 | 69 | 68 | 65 | 63 | 1 |
| Leverage | ||||||||
| Current ratio | — | 1.7 | 2.77 | 2.97 | 2.68 | 2.82 | 2.07 | 1.49 |
| Debt to EBITDA | — | 0.01 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Interest coverage | 621.7 | 48 | 71.1 | 122.7 | 116.9 | 124.6 | 106.6 | 69.7 |
| Asset turnover | 0.69 | 0.61 | 0.64 | 0.76 | 0.87 | 0.92 | 0.97 | 1.17 |
| Return ratios | ||||||||
| Return on assets % | 21.9% | 16.7% | 15.8% | 20.4% | 21.5% | 22.3% | 23.4% | 16.2% |
| Return on capital employed % | — | 28.7% | 29.6% | 29.8% | 34.1% | 36.9% | 41.4% | 50% |
| Return on equity % | 26.9% | 23.9% | 20.1% | 25.5% | 27.9% | 29.6% | 35.1% | 29.5% |
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.