Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 31.1% | 31.6% | 25.3% | 29.7% | 36.3% | 40.1% | 40.4% | 40.9% |
| EBIT margin % | 29.2% | 28.4% | 21.3% | 27.1% | 34.3% | 37.3% | 37.4% | 38% |
| PAT margin % | 25.7% | 16.2% | 24.7% | 571.1% | 19.1% | 35% | 29.2% | 181.4% |
| Working capital | ||||||||
| Receivable days | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 1 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 30 | 25 | 27 | 35 | 21 | 19 | 15 | 20 |
| NWC days | — | — | -25 | -33 | -20 | -18 | -13 | -19 |
| Leverage | ||||||||
| Current ratio | 2.54 | 2.1 | 4.3 | 2.86 | 2.45 | 2.73 | 2.43 | 2.32 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 5,401.4 | 67.1 | 61.9 | 128.3 | 235.1 | 70.3 | 68.5 | 72 |
| Asset turnover | 0.37 | 0.41 | 0.21 | 0.1 | 0.17 | 0.08 | 0.08 | 0.07 |
| Return ratios | ||||||||
| Return on assets % | 9.6% | 6.6% | 5.2% | 55.2% | 3.2% | 2.8% | 2.3% | 13.4% |
| Return on capital employed % | 19.5% | 18.6% | 10% | 6.1% | 6.8% | 5.8% | 4.4% | 4.2% |
| Return on equity % | 12.1% | 8.5% | 6% | 63.9% | 3.8% | 3.3% | 2.8% | 15.9% |
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.