Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 79.8% | 79.6% | 81.8% | 85.9% | 84% | 84.3% | 85% | 84.5% |
| EBIT margin % | 75.7% | 73.6% | 76.8% | 82.1% | 79.3% | 79.7% | 81% | 80.6% |
| PAT margin % | 65% | 69.2% | 67.3% | 71.1% | 73% | 76% | 77.5% | 77.9% |
| Working capital | ||||||||
| Receivable days | 66 | 0 | 4 | 75 | 6 | 70 | 1 | 1 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 953 | 525 | 1,041 | 3,865 | 2,283 | 2,906 | 15 | 16 |
| NWC days | — | — | -1,038 | -3,790 | -2,276 | -2,836 | -14 | -15 |
| Leverage | ||||||||
| Current ratio | 1.27 | 1.45 | 1.85 | 1.54 | 1.26 | 1.57 | 1.57 | 1.99 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 318.5 | 146.1 | 138.5 | 203.8 | 159 | 162.4 | 211 | 275 |
| Asset turnover | 0.36 | 0.38 | 0.34 | 0.25 | 0.28 | 0.26 | 0.25 | 0.26 |
| Return ratios | ||||||||
| Return on assets % | 23.4% | 26.6% | 23% | 17.8% | 20.3% | 19.5% | 19.2% | 19.9% |
| Return on capital employed % | 66.2% | 55% | 56.2% | 61% | 49.8% | 50.3% | 51.4% | 50% |
| Return on equity % | 44.6% | 45.6% | 40.2% | 43.1% | 37.3% | 36% | 37.8% | 36.3% |
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.