Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 46.1% | 42.6% | 44.2% | 44.4% | 43.8% |
| EBIT margin % | 40.3% | 36.3% | 38.2% | 38.8% | 38% |
| PAT margin % | 24.5% | 28.2% | 30.3% | 30.8% | 29.9% |
| Working capital | |||||
| Receivable days | 63 | 62 | 65 | 62 | 66 |
| Inventory days | — | 0 | 0 | 0 | 0 |
| Payable days | — | 23 | 32 | 42 | 38 |
| NWC days | — | 39 | 32 | 21 | 28 |
| Leverage | |||||
| Current ratio | 2.66 | 1.99 | 4.9 | 5.05 | 3.69 |
| Debt to EBITDA | 0.88 | 0.44 | 0 | 0 | 0 |
| Debt to equity | 0.39 | 0.15 | 0 | 0 | 0 |
| Interest coverage | 4.9 | 25.4 | 40.1 | 95.6 | 117.1 |
| Asset turnover | 0.61 | 0.56 | 0.57 | 0.61 | 0.58 |
| Return ratios | |||||
| Return on assets % | 15% | 15.8% | 17.3% | 18.8% | 17.2% |
| Return on capital employed % | 28.2% | 27.8% | 28.7% | 30.8% | 28.4% |
| Return on equity % | 23.7% | 22.5% | 21.5% | 23.2% | 21% |
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.