Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | 59.2% | 58.3% | 65.5% | 63.9% | 55.1% | 49.4% | 66.1% |
| EBIT margin % | — | 55.8% | 55.6% | 62.9% | 60.8% | 52.2% | 46% | 63.9% |
| PAT margin % | 97.7% | 5.7% | 10.1% | 18.4% | 19.9% | 12.7% | -10.1% | 15.5% |
| Working capital | ||||||||
| Receivable days | 6 | 2 | 17 | 13 | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 9.31 | 8.23 | 6.1 | 6.7 | 7.89 | 12.22 | 7.87 |
| Debt to equity | 0 | 3.99 | 4.27 | 3.67 | 3.4 | 3.58 | 3.77 | 5.12 |
| Interest coverage | — | 1.2 | 1.2 | 1.6 | 1.7 | 1.4 | 1 | 1.5 |
| Asset turnover | 0.1 | 0.13 | 0.15 | 0.18 | 0.17 | 0.17 | 0.13 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | 9.8% | 0.8% | 1.5% | 3.2% | 3.3% | 2.1% | -1.3% | 2.3% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 9.9% | 4.1% | 9% | 16.8% | 15.7% | 10.5% | -6.3% | 15.3% |
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.