Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 49.6% | 59.9% | 56.6% | 46.5% | 50.3% | 38.3% | 46.2% | 37.8% |
| EBIT margin % | 45.2% | 50.6% | 46% | 34.6% | 39.3% | 27.1% | 36.5% | 28.9% |
| PAT margin % | 49.9% | 37.7% | 33.2% | -224% | 12.8% | 2.3% | 8.3% | -97.7% |
| Working capital | ||||||||
| Receivable days | 56 | — | 38 | 31 | 45 | 40 | 50 | 50 |
| Inventory days | 2 | — | 2 | 1 | 1 | 1 | 1 | 6 |
| Payable days | — | — | 63 | 24 | 15 | 42 | 1 | 59 |
| NWC days | — | — | -23 | 8 | 31 | -0 | 50 | -4 |
| Leverage | ||||||||
| Current ratio | — | — | 0.8 | 0.65 | 0.54 | 0.31 | — | 1.65 |
| Debt to EBITDA | 0.09 | — | 0.06 | 0.07 | 0.04 | 0.52 | 0.8 | 0 |
| Debt to equity | 0.01 | — | 0.01 | 0.01 | 0.01 | 0.07 | 0.13 | 0 |
| Interest coverage | 17.6 | 3.3 | 3.2 | 1.8 | 1.8 | 1.2 | 1.5 | 1.6 |
| Asset turnover | 0.24 | — | 0.16 | 0.21 | 0.21 | 0.18 | 0.18 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | 12.2% | — | 5.2% | -46.4% | 2.6% | 0.4% | 1.5% | -23.8% |
| Return on capital employed % | — | — | 10% | 7.1% | 9.8% | 6.2% | — | 11.4% |
| Return on equity % | 13.7% | — | 7.5% | -86.5% | 4.8% | 0.8% | 3% | -57.7% |
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.