Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 38.9% | 28.2% | 23.4% | 28.1% | 26.9% | 26.9% | 33.7% | 36.2% |
| EBIT margin % | 37.8% | 25.6% | 20.5% | 25.4% | 23.8% | 23.7% | 30.9% | 33.5% |
| PAT margin % | 41.7% | 31.3% | 29.2% | 37.7% | 43.1% | 49% | 51.7% | 38.6% |
| Working capital | ||||||||
| Receivable days | — | — | 32 | 19 | 21 | 34 | 34 | 31 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 9 | 17 | 13 | 10 | 9 | 12 |
| NWC days | — | — | 23 | 3 | 8 | 23 | 24 | 19 |
| Leverage | ||||||||
| Current ratio | — | — | 4.29 | 3.36 | 3.59 | 3.4 | 6.23 | 3.87 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 279.9 | 56.5 | 42.4 | 62.8 | 88.4 | 39.9 | 110.9 | 179.8 |
| Asset turnover | — | — | 0.25 | 0.25 | 0.26 | 0.29 | 0.3 | 0.32 |
| Return ratios | ||||||||
| Return on assets % | — | — | 7.4% | 9.6% | 11.3% | 14.2% | 15.6% | 12.2% |
| Return on capital employed % | — | — | 11.7% | 14.5% | 16.6% | 20.1% | 24.3% | 20.3% |
| Return on equity % | — | — | 8.6% | 11% | 13% | 16.6% | 18.4% | 14.3% |
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.