Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 97.5% | — | — | — | — | — | — | — |
| EBITDA margin % | 9.5% | 7.9% | 17.6% | 15% | 16.3% | 15.7% | 15.8% | 16.8% |
| EBIT margin % | 7.9% | 1.2% | 12% | 10.9% | 13% | 12.6% | 12.9% | 13.9% |
| PAT margin % | 6.7% | -64.2% | 8.2% | 9.6% | 11.5% | 13.1% | 12.1% | 11.6% |
| Working capital | ||||||||
| Receivable days | — | — | 68 | — | 86 | 88 | 85 | 133 |
| Inventory days | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | 32 | — | 18 | 18 | 19 | 33 |
| NWC days | — | — | 37 | — | 69 | 70 | 66 | 100 |
| Leverage | ||||||||
| Current ratio | — | — | 3.24 | — | 4.67 | 5.43 | 5.01 | 5.72 |
| Debt to EBITDA | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 17 | 1.6 | 11.7 | 32.1 | 33.6 | 48.5 | 49 | 51.8 |
| Asset turnover | — | — | 0.66 | — | 0.76 | 0.75 | 0.71 | 0.62 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.4% | — | 8.8% | 9.8% | 8.6% | 7.2% |
| Return on capital employed % | — | — | 11.1% | — | 13.3% | 13.7% | 14% | 14.4% |
| Return on equity % | — | — | 6.5% | — | 10.2% | 11.2% | 10% | 8.5% |
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.