Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 93.9% | 92% | 89.9% | 85.1% | 87.4% | 90% | 94.4% | 93.8% |
| EBIT margin % | 93.8% | 91.8% | 89.7% | 84.8% | 87.1% | 89.8% | 94.1% | 93.3% |
| PAT margin % | 14% | 12.2% | 13.8% | 11.5% | 12.8% | 17.5% | 19.4% | 19.5% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 27 | — | 1 | 34 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 10.51 | 10.55 | 11.64 | 1,319.52 | 12.37 | 10.3 | 10.22 | 10.29 |
| Debt to equity | 10.5 | 10.52 | 10.13 | 9.07 | 9.03 | 8.04 | 7.46 | 6.71 |
| Interest coverage | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.4 | 1.4 |
| Asset turnover | 0.09 | 0.09 | 0.08 | 0 | 0.08 | 0.09 | 0.09 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | 1.2% | 1.1% | 1.2% | 0% | 1% | 1.6% | 1.7% | 1.7% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 15% | 13.2% | 13.3% | 0.1% | 10.7% | 15.2% | 15% | 13.5% |
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.