Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 18.3% | 19.9% | 18.9% | 22.5% | 22.4% | 21.1% | 18.8% | 19.1% |
| EBIT margin % | 16.8% | 16.9% | 15.4% | 19.3% | 19.6% | 18.2% | 16% | 16.2% |
| PAT margin % | 14.9% | 15.3% | 13.6% | 15.6% | 15.6% | 14.5% | 12.8% | 13.1% |
| Working capital | ||||||||
| Receivable days | 79 | — | 86 | 98 | 79 | 86 | 86 | 68 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 20 | 10 | 27 | 71 | 71 | 43 |
| NWC days | — | — | 66 | 88 | 52 | 15 | 15 | 25 |
| Leverage | ||||||||
| Current ratio | 2.9 | — | 3.28 | 3.27 | 3.49 | 2.44 | 2.2 | 2.36 |
| Debt to EBITDA | 0.05 | — | 0 | 0 | 0.22 | 0.27 | 0 | 0 |
| Debt to equity | 0.02 | — | 0 | 0 | 0.07 | 0.1 | 0 | 0 |
| Interest coverage | 856.8 | 31.1 | 21.6 | 32.7 | 40.7 | 37.5 | 31.8 | 28.6 |
| Asset turnover | 1.46 | — | 1.03 | 1.03 | 1.1 | 1.08 | 1.08 | 0.95 |
| Return ratios | ||||||||
| Return on assets % | 21.7% | — | 14% | 16.1% | 17.2% | 15.7% | 13.8% | 12.4% |
| Return on capital employed % | 42.8% | — | 24.6% | 31.1% | 33.4% | 33.3% | 29.2% | 25.1% |
| Return on equity % | 28.7% | — | 20.2% | 23.1% | 23.7% | 24.9% | 21.2% | 20.4% |
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.