Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 76.7% | 74.5% | 77.3% | 81% | 78.1% | 77.4% | 74.8% | 71.4% |
| EBIT margin % | 76.5% | 74.1% | 76.9% | 80.8% | 77.8% | 77.1% | 74.5% | 71% |
| PAT margin % | 26.6% | — | 24.2% | 24.1% | 21.2% | 20.4% | 20.2% | 19.2% |
| Working capital | ||||||||
| Receivable days | — | — | 1 | 1 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 4.6 | 5.08 | 7.19 | 6.2 | 7.9 | 7.48 | 7.67 | 7.22 |
| Debt to equity | 2.22 | 2.48 | 2.81 | 2.73 | 3.88 | 3.99 | 3.37 | 3.31 |
| Interest coverage | 2.1 | 1.9 | 1.7 | 1.7 | 1.6 | 1.5 | 1.6 | 1.6 |
| Asset turnover | 0.15 | 0.15 | 0.11 | 0.13 | 0.12 | 0.13 | 0.13 | 0.14 |
| Return ratios | ||||||||
| Return on assets % | 4.1% | — | 2.8% | 3.1% | 2.6% | 2.7% | 2.6% | 2.8% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 16.7% | — | 12.2% | 13.1% | 13.3% | 14% | 11.8% | 12.3% |
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.