Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 37% | 52.8% | 54.8% | 62.7% | 61.9% | 64% | 68.2% | 69.8% |
| EBIT margin % | 36.2% | 49.9% | 51.5% | 60.5% | 59.5% | 62.1% | 66.7% | 68.3% |
| PAT margin % | 33.6% | 36.4% | 65.8% | 58.6% | 56.8% | 68.9% | 60.6% | 59.3% |
| Working capital | ||||||||
| Receivable days | 23 | 16 | 14 | 20 | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 49 | 38 | — | — | — | — |
| NWC days | — | — | -35 | -18 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 11.77 | 14.09 | — | — | — | — |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Interest coverage | — | 101.6 | 193.9 | 250.5 | 236.9 | 210.8 | 249.8 | 293.2 |
| Asset turnover | 0.52 | 0.4 | 0.3 | 0.33 | 0.34 | 0.37 | 0.47 | 0.52 |
| Return ratios | ||||||||
| Return on assets % | 17.5% | 14.7% | 19.7% | 19.5% | 19.3% | 25.2% | 28.4% | 30.7% |
| Return on capital employed % | — | — | 27.7% | 29.2% | — | — | — | — |
| Return on equity % | 18.8% | 16.2% | 21.5% | 21.1% | 21% | 27.4% | 31.2% | 33.9% |
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.