Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 15.3% | 16.1% | 26.9% | 8.1% | 26.9% | 27.9% | 20.8% | 14.3% |
| EBIT margin % | 13.5% | 13.9% | 24.4% | 5.2% | 23.9% | 26.2% | 19% | 12.4% |
| PAT margin % | 19.1% | 22.2% | 24.7% | 9.4% | 22.3% | 24.3% | 21% | 14.7% |
| Working capital | ||||||||
| Receivable days | — | — | 62 | — | 103 | 75 | 61 | 51 |
| Inventory days | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | 15 | — | 10 | 12 | 9 | 12 |
| NWC days | — | — | 47 | — | 93 | 63 | 52 | 39 |
| Leverage | ||||||||
| Current ratio | — | — | 3.04 | — | 2.02 | 2 | 1.82 | 1.97 |
| Debt to EBITDA | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 312.7 | 198.1 | 191.3 | 146.8 | 226.2 | 347 | 393.3 | 154.1 |
| Asset turnover | — | — | 0.53 | — | 0.7 | 0.71 | 0.69 | 0.66 |
| Return ratios | ||||||||
| Return on assets % | — | — | 13.2% | — | 15.5% | 17.4% | 14.6% | 9.7% |
| Return on capital employed % | — | — | 22.4% | — | 28.2% | 35.5% | 26.6% | 19.3% |
| Return on equity % | — | — | 17.3% | — | 22.2% | 24.8% | 20.7% | 13.5% |
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.