Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 24.9% | 31.1% | 20.8% | 21.8% | 15.4% | 22.8% | 22.3% |
| EBIT margin % | 20% | 26% | 17.1% | 18.9% | 12.6% | 20.7% | 20.8% |
| PAT margin % | 21.9% | 28.7% | 17.5% | 15.2% | 12.5% | 16.8% | 17.6% |
| Working capital | |||||||
| Receivable days | — | 101 | — | 77 | 80 | 86 | 116 |
| Inventory days | — | 0 | — | 0 | 0 | 0 | 0 |
| Payable days | — | 1 | — | 0 | 0 | 0 | 0 |
| NWC days | — | 100 | — | 76 | 80 | 86 | 116 |
| Leverage | |||||||
| Current ratio | — | 6.61 | — | 2.9 | 2.95 | 10.36 | 11.16 |
| Debt to EBITDA | — | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 44.1 | 49.2 | 14 | 8 | 9.3 | 40.4 | 102.6 |
| Asset turnover | — | 0.59 | — | 0.77 | 0.72 | 0.8 | 0.95 |
| Return ratios | |||||||
| Return on assets % | — | 16.9% | — | 11.6% | 9% | 13.5% | 16.6% |
| Return on capital employed % | — | 19.7% | — | 17.9% | 14.2% | 20.7% | 24.8% |
| Return on equity % | — | 18.7% | — | 15.4% | 10.7% | 15% | 18.2% |
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.