Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | 92.8% | 96.2% | 98.4% | 96.1% | 98.3% | 100.5% | 91.2% |
| EBIT margin % | — | 92.7% | 96.1% | 98.3% | 95.9% | 98.2% | 100.3% | 91.1% |
| PAT margin % | 21.3% | 22.7% | 21.8% | 24.7% | 24% | 27.2% | 26.3% | 30.7% |
| Working capital | ||||||||
| Receivable days | 0 | 0 | 0 | 0 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | — | 0 |
| Payable days | — | 12 | 16 | 32 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 8.79 | 8.76 | 8.99 | 9.24 | — | 10.36 | 11.82 |
| Debt to equity | 5.46 | 4.98 | 4.62 | 4.25 | 4.07 | — | 5.97 | 6.45 |
| Interest coverage | 0 | 1.4 | 1.5 | 1.5 | 1.5 | 1.6 | 1.5 | 1.4 |
| Asset turnover | 0.08 | 0.1 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 |
| Return ratios | ||||||||
| Return on assets % | 1.6% | 2.2% | 2.1% | 2.2% | 2.1% | 2.3% | 2.1% | 2.4% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 10.8% | 13.8% | 12% | 11.9% | 11% | 12.7% | 15.1% | 18.4% |
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.