Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 25.5% | 25.4% | 28.5% | 26.8% | 24.8% | 24.6% | 24.5% | 24.2% |
| EBIT margin % | 23.4% | 22.6% | 25.8% | 24.4% | 22.5% | 22.3% | 22.6% | 22.6% |
| PAT margin % | 20.1% | 19.7% | 21% | 20.4% | 18.8% | 21.1% | 18.7% | 19.6% |
| Working capital | ||||||||
| Receivable days | 67 | 71 | 70 | — | 61 | 71 | 71 | 74 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | 9 | 9 | 10 | 11 |
| NWC days | — | — | — | — | 52 | 62 | 61 | 63 |
| Leverage | ||||||||
| Current ratio | 3 | 2.88 | 2.74 | — | 1.9 | 2.62 | 2.43 | 2.03 |
| Debt to EBITDA | — | — | — | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | — | 180.6 | 195.3 | 223.6 | 202.5 | 130.8 | 161.4 | 193.8 |
| Asset turnover | 0.93 | 0.98 | 0.91 | — | 1.22 | 1.12 | 1.09 | 1.17 |
| Return ratios | ||||||||
| Return on assets % | 18.6% | 19.2% | 19.2% | — | 23% | 23.7% | 20.5% | 23.1% |
| Return on capital employed % | 31.2% | 31.8% | 34.6% | — | 43% | 44.8% | 39.4% | 44.5% |
| Return on equity % | 23.4% | 25% | 25.2% | — | 34.3% | 33.5% | 29.3% | 36.1% |
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.