Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 38.6% | 32% | 33.3% | 35.8% | 40.4% | 42.9% | 38.8% | 38.2% |
| EBIT margin % | 35.7% | 28.1% | 28.8% | 31.1% | 36.4% | 39.5% | 35.4% | 35.4% |
| PAT margin % | 33.4% | 28.1% | 21.7% | 25.2% | 29% | 32.5% | 31.3% | 29% |
| Working capital | ||||||||
| Receivable days | — | — | 75 | 63 | 60 | 52 | 79 | 72 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 63 | 49 | 41 | 16 | 23 | 19 |
| NWC days | — | — | 12 | 14 | 19 | 36 | 56 | 53 |
| Leverage | ||||||||
| Current ratio | — | — | 2.38 | 2.25 | 3.94 | 4.83 | 4.67 | 2.53 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0.24 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Interest coverage | 558.2 | 51.5 | 65.6 | 85.1 | 115.3 | 172.1 | 211.4 | 94.1 |
| Asset turnover | — | — | 0.64 | 0.71 | 0.73 | 0.8 | 0.89 | 0.85 |
| Return ratios | ||||||||
| Return on assets % | — | — | 13.8% | 17.9% | 21.3% | 26.1% | 27.9% | 24.6% |
| Return on capital employed % | — | — | 24.1% | 28.3% | 34.1% | 39.6% | 40% | 44.4% |
| Return on equity % | — | — | 16.9% | 21.9% | 24.5% | 28.7% | 31.4% | 31.9% |
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.