Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 8.9% | 2.1% | 9.3% | 13.2% | 15% | 15.3% | 17.2% | 17.1% |
| EBIT margin % | 2.6% | -4.7% | 3.6% | 8.3% | 10.9% | 12.1% | 14.4% | 14.3% |
| PAT margin % | 16.1% | 16.8% | 8.8% | 30% | 42.2% | 30.3% | 24.8% | 22.1% |
| Working capital | ||||||||
| Receivable days | 69 | 57 | 87 | 80 | 44 | 47 | 67 | 125 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 3 | 50 | 33 | 27 | 20 | 18 |
| NWC days | — | — | 84 | 30 | 10 | 20 | 46 | 107 |
| Leverage | ||||||||
| Current ratio | 4.2 | 3.65 | 1.77 | 1.73 | 1 | 1.27 | 1.82 | 3.86 |
| Debt to EBITDA | 0.08 | 0.33 | 0.08 | 0.08 | 0.06 | 0.87 | 0.04 | 0.02 |
| Debt to equity | 0.01 | 0 | 0 | 0 | 0 | 0.06 | 0 | 0 |
| Interest coverage | 146 | 91.4 | 71.6 | 175.9 | 244.2 | 172.6 | 36.4 | 190.6 |
| Asset turnover | 0.61 | 0.49 | 0.29 | 0.36 | 0.38 | 0.38 | 0.46 | 0.82 |
| Return ratios | ||||||||
| Return on assets % | 9.8% | 8.2% | 2.5% | 10.8% | 15.8% | 11.4% | 11.4% | 18.1% |
| Return on capital employed % | 15.4% | 14.8% | 10.5% | 16.8% | 15.5% | 14.1% | 15.4% | 27.9% |
| Return on equity % | 11.7% | 10.2% | 3.4% | 12.8% | 17.8% | 13.5% | 13.2% | 23.3% |
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.