Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 20.2% | 14.1% | 17.3% | 20% | 14.3% | 13.9% | 11.6% | 9.8% |
| EBIT margin % | 16.9% | 6.5% | 10.3% | 13.8% | 7.8% | 8.1% | 5.3% | 4% |
| PAT margin % | 10.6% | 7.8% | 11% | 13.3% | 10.6% | 10.3% | 10.1% | 7.4% |
| Working capital | ||||||||
| Receivable days | 6 | 2 | 7 | 10 | 8 | 2 | 3 | 2 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 0 | 35 | 45 | 47 | 43 | 49 | 59 | 55 |
| NWC days | — | — | — | — | -35 | -47 | -57 | -53 |
| Leverage | ||||||||
| Current ratio | 1.69 | 1.91 | 2.16 | 2.49 | 2.07 | 2.17 | 1.62 | 1.38 |
| Debt to EBITDA | 0.09 | — | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | 0.04 | — | 0 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 7.7 | 8.3 | 12.2 | 15.2 | 10.7 | 13.4 | 13 | 10.1 |
| Asset turnover | 1.11 | 0.92 | 0.83 | 0.83 | 0.96 | 0.94 | 0.97 | 1.03 |
| Return ratios | ||||||||
| Return on assets % | 11.7% | 7.2% | 9.1% | 11% | 10.2% | 9.7% | 9.8% | 7.6% |
| Return on capital employed % | 31.8% | 18.5% | 20.2% | 23.8% | 18.7% | 21.5% | 20.3% | 18% |
| Return on equity % | 21.2% | 12.7% | 15.7% | 18.3% | 18.7% | 16.6% | 18.6% | 16.2% |
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.