Standalone figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 70.1% | 62.7% | 73% | 77.6% | 73.8% | 79.5% | 78.8% | 75.6% |
| EBIT margin % | 68.2% | 61.5% | 71.8% | 76.6% | 73% | 79% | 78.1% | 74.2% |
| PAT margin % | 19.5% | 16% | 19.6% | 22.1% | 21.7% | 29.3% | 26.9% | 25.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 5.06 | 5.22 | 5.36 | — | 5.1 | 5.89 | 6.17 |
| Debt to equity | — | — | — | — | — | 1.87 | 2.25 | 2.41 |
| Interest coverage | 1.7 | 1.6 | 1.6 | 1.6 | 1.7 | 2 | 1.9 | 1.9 |
| Asset turnover | — | — | — | — | 0.14 | 0.16 | 0.14 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | — | 3% | 4.5% | 3.9% | 3.8% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | — | — | — | 8% | 13.5% | 13% | 13.2% |
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.