Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| 79.7% |
| EBITDA margin % | 31% | 39.3% | 40.8% | 38.9% | 26.7% | 4.9% | 51.4% | 61.4% |
| EBIT margin % | 25.9% | 34.5% | 34.5% | 32.2% | 22.1% | -0.9% | 45.3% | 57.9% |
| PAT margin % | 45.8% | 56.3% | 54.5% | 35.9% | 28.9% | 8.7% | 41% | 47.8% |
| Working capital | ||||||||
| Receivable days | 11 | 7 | 12 | 15 | 9 | 32 | 3 | 3 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 98 | 40 | 56 | 25 | 36 | 54 | 160 |
| NWC days | — | — | -28 | -41 | -15 | -4 | -51 | -157 |
| Leverage | ||||||||
| Current ratio | 5.44 | 4.06 | 4.62 | 4.25 | 1.8 | 2.23 | 2.33 | 1.71 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 1,194 | 1,043.6 | 691 | 952.9 | 308 | 3,260.1 | 4,740.5 |
| Asset turnover | 0.18 | 0.21 | 0.19 | 0.18 | 0.24 | 0.33 | 0.44 | 0.58 |
| Return ratios | ||||||||
| Return on assets % | 8.4% | 11.8% | 10.5% | 6.5% | 7% | 2.9% | 18.1% | 27.6% |
| Return on capital employed % | 10.6% | 15.4% | 14.2% | 11% | 10.5% | 4.3% | 30.6% | 55.7% |
| Return on equity % | 9.3% | 13.5% | 11.9% | 7.6% | 8.1% | 3.4% | 21.5% | 36.5% |
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.