Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 67.1% | 73.9% | 79.7% | 71.8% | 69.6% | 72.3% | 71.6% | 69.2% |
| EBIT margin % | 65.1% | 70.3% | 76.7% | 68.3% | 66.2% | 69% | 68.7% | 66.2% |
| PAT margin % | 23.1% | 28.5% | 32.8% | 28.6% | 26.4% | 28.4% | 25.8% | 20% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | 28 | 0 | 0 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 4.46 | 5.55 | 4.28 | 5.47 | 5.93 | 5.33 | 5.47 | 9.57 |
| Debt to equity | 2.69 | 3.3 | 2.56 | 2.26 | 2.21 | 2.17 | 2.29 | 3.18 |
| Interest coverage | 2.2 | 2.2 | 2.3 | 2.3 | 2.1 | 2.2 | 2 | 1.7 |
| Asset turnover | 0.23 | 0.18 | 0.2 | 0.17 | 0.16 | 0.17 | 0.17 | 0.11 |
| Return ratios | ||||||||
| Return on assets % | 5.4% | 5.2% | 6.6% | 4.8% | 4.3% | 4.9% | 4.5% | 2.3% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 20.7% | 23% | 24.6% | 16.4% | 14.1% | 16% | 15.1% | 9.6% |
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.