Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 19.4% | 18.3% | 21.7% | 19.3% | 18.4% | 17.9% | 16.8% | 17.9% |
| EBIT margin % | 18.4% | 16.3% | 19.4% | 17.3% | 16.4% | 15.7% | 14.4% | 15.5% |
| PAT margin % | 16.6% | 15.2% | 15.5% | 15.7% | 13.3% | 13.1% | 12.1% | 12.2% |
| Working capital | ||||||||
| Receivable days | — | — | 64 | 66 | 78 | 57 | 56 | 64 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 32 | 25 | 18 | 20 | 18 | 23 |
| NWC days | — | — | 32 | 41 | 61 | 38 | 38 | 42 |
| Leverage | ||||||||
| Current ratio | — | — | 3.27 | 3.19 | 3.23 | 3.32 | 3.6 | 2.84 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.31 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.1 | 0 | 0 |
| Interest coverage | 456.7 | 28.9 | 34.4 | 45.2 | 39.8 | 29.4 | 23 | 28 |
| Asset turnover | — | — | 1.16 | 1.23 | 1.42 | 1.29 | 1.26 | 1.15 |
| Return ratios | ||||||||
| Return on assets % | — | — | 17.9% | 19.3% | 19% | 17% | 15.2% | 14% |
| Return on capital employed % | — | — | 32.1% | 36.8% | 43.4% | 31.8% | 27.9% | 30% |
| Return on equity % | — | — | 25.7% | 26.9% | 26.6% | 23.2% | 20.4% | 21.6% |
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.