Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 45.6% | 52.8% | 51.5% | 53.7% | 34.1% | 50.9% | 68.5% | 55.8% |
| EBIT margin % | 30% | 33.8% | 31.1% | 34.5% | 15.3% | 29.7% | 47.3% | 33.9% |
| PAT margin % | 40.7% | 25.9% | 23.9% | 23% | 7.2% | 21.1% | 32.9% | 22% |
| Working capital | ||||||||
| Receivable days | 29 | 42 | 100 | 93 | 63 | 82 | 58 | 55 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Payable days | 107 | 93 | 176 | 61 | 41 | 59 | 94 | 68 |
| NWC days | -77 | -51 | -75 | 32 | 21 | 23 | -36 | -12 |
| Leverage | ||||||||
| Current ratio | 2.42 | 1.28 | 0.69 | 1.4 | 1.07 | 1.03 | 1.32 | 1.73 |
| Debt to EBITDA | 0 | 0.68 | 1.14 | 0.37 | 0.49 | 0.3 | 0.11 | 0.05 |
| Debt to equity | 0 | 0.17 | 0.51 | 0.25 | 0.22 | 0.16 | 0.07 | 0.02 |
| Interest coverage | -8.5 | -650.9 | 7.8 | 6.6 | 3.2 | 12.1 | 10.1 | 6.1 |
| Asset turnover | 0.38 | 0.33 | 0.31 | 0.58 | 0.61 | 0.51 | 0.48 | 0.46 |
| Return ratios | ||||||||
| Return on assets % | 15.4% | 8.5% | 7.4% | 13.3% | 4.4% | 10.8% | 15.7% | 10% |
| Return on capital employed % | 18.9% | 14.8% | 21% | 28.3% | 12.1% | 21.1% | 29.4% | 19.8% |
| Return on equity % | 17.7% | 12.6% | 21% | 28.7% | 9.7% | 22.3% | 30.5% | 18% |
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.