Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 36.5% | 38.6% | — | 34.6% | 35.9% | 45.1% | 43.7% | 38.5% |
| EBIT margin % | 36.5% | 30.6% | — | 28.6% | 31% | 39.4% | 41.6% | 36% |
| PAT margin % | 21% | 23.9% | 25.6% | 26.8% | 23.2% | 28.4% | 29.4% | 25.5% |
| Working capital | ||||||||
| Receivable days | 7 | 11 | 16 | 8 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 0.4 | 0.33 | — | 0.92 | 0.7 | 1.16 | 0.9 | 2.11 |
| Debt to equity | 0.18 | 0.11 | 0.12 | 0.35 | 0.27 | 0.61 | 0.36 | 0.62 |
| Interest coverage | 5.3 | 7.4 | 4.4 | 11.4 | 7.1 | 6.2 | 5.7 | 4.5 |
| Asset turnover | 0.32 | 0.32 | 0.22 | 0.19 | 0.25 | 0.25 | 0.28 | 0.23 |
| Return ratios | ||||||||
| Return on assets % | 6.8% | 7.6% | 5.5% | 5.1% | 5.9% | 7.2% | 8.1% | 5.9% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 25.6% | 19.9% | 22.8% | 29.9% | 24.6% | 33.2% | 27.2% | 19.3% |
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.