Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 23.4% | 21.1% | 18.5% | 21.8% | 31.5% | 28.6% | 14.9% | 8% |
| EBIT margin % | 18.9% | 15.1% | 12.3% | 17% | 28% | 24.2% | 9.9% | 3.8% |
| PAT margin % | 14.9% | 11.5% | 13% | 14.6% | 21.8% | 18.9% | 9.2% | 7.4% |
| Working capital | ||||||||
| Receivable days | 93 | — | 84 | 102 | 90 | 125 | 64 | 97 |
| Inventory days | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 9 | — | 4 | 10 | 14 | 3 | 4 | 12 |
| NWC days | 84 | — | 80 | 92 | 76 | 122 | 61 | 85 |
| Leverage | ||||||||
| Current ratio | 3.79 | — | 4.26 | 3.84 | 3.97 | 5.66 | 3.21 | 2.41 |
| Debt to EBITDA | 0.12 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.05 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 47.3 | 19.5 | 29.5 | 49.1 | 58.6 | 40.7 | 23.9 | 22.5 |
| Asset turnover | 1.29 | 3.9 | 1.01 | 1.02 | 1.05 | 1.02 | 0.96 | 0.92 |
| Return ratios | ||||||||
| Return on assets % | 19.2% | 44.9% | 13.2% | 14.8% | 23% | 19.3% | 8.8% | 6.8% |
| Return on capital employed % | 35.8% | — | 22.8% | 26.1% | 42.9% | 32.2% | 13.5% | 11.4% |
| Return on equity % | 23.4% | — | 16.5% | 18.6% | 28.6% | 23.2% | 10.3% | 8.4% |
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.