Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 13.7% | 2.2% | 26.4% | 23.9% | 16.3% | 17.8% | 19.7% | 19.7% |
| EBIT margin % | 10% | -4.3% | 21.4% | 18.4% | 10.9% | 12.5% | 13% | 11.6% |
| PAT margin % | 14.7% | -4.2% | 20.7% | 16.1% | 9.1% | 9.9% | 12.4% | 11.7% |
| Working capital | ||||||||
| Receivable days | 85 | — | 134 | 84 | 102 | 77 | 55 | 43 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 2 | — | 85 | 112 | 101 | 101 | 91 | 58 |
| NWC days | — | — | 48 | -28 | 1 | -24 | -36 | -15 |
| Leverage | ||||||||
| Current ratio | — | — | 1.87 | 1.98 | 1.55 | 1.64 | 1.92 | 1.84 |
| Debt to EBITDA | 0.78 | — | 0.16 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.11 | — | 0.04 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 13.5 | -0.6 | 30.7 | 90.3 | 93.4 | 320.4 | 113.6 | 159.4 |
| Asset turnover | 0.68 | 2.82 | 0.58 | 0.58 | 0.62 | 0.61 | 0.57 | 0.56 |
| Return ratios | ||||||||
| Return on assets % | 10% | -11.9% | 11.9% | 9.4% | 5.7% | 6% | 7% | 6.6% |
| Return on capital employed % | — | — | 19.2% | 20.1% | 13.6% | 15.8% | 13.8% | 14.2% |
| Return on equity % | 14.7% | — | 17.5% | 13.9% | 8.7% | 9.4% | 10% | 9.6% |
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.