Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 61% | 58.3% | 49.6% | 57.9% | 67.2% | 67% | 61.7% | 65.8% |
| EBIT margin % | 51% | 47.9% | 32.5% | 47.8% | 60.8% | 59.5% | 52.6% | 52.9% |
| PAT margin % | 39.3% | 33.2% | 117.3% | 130.4% | 60.9% | 60.2% | 69.4% | 49.8% |
| Working capital | ||||||||
| Receivable days | — | — | 63 | 54 | 25 | 18 | 17 | 18 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 49 | 57 | 47 | 70 | 47 | 52 |
| NWC days | — | — | 14 | -4 | -22 | -52 | -30 | -34 |
| Leverage | ||||||||
| Current ratio | — | — | 4.22 | 2.86 | 1.41 | 1.98 | 2.12 | 2.15 |
| Debt to EBITDA | — | — | 5.52 | 5.28 | 2.04 | 2.31 | 2.5 | 1.81 |
| Debt to equity | — | — | 0.16 | 0.19 | 0.13 | 0.14 | 0.14 | 0.12 |
| Interest coverage | 3.7 | 3.4 | 6.1 | 3.5 | 5.4 | 6 | 5.5 | 6.4 |
| Asset turnover | — | — | 0.05 | 0.05 | 0.08 | 0.08 | 0.08 | 0.08 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.7% | 6.5% | 5% | 4.6% | 5.3% | 4.2% |
| Return on capital employed % | — | — | 8% | 4.5% | 6.7% | 6.9% | 6.8% | 6.9% |
| Return on equity % | — | — | 6.9% | 8% | 6% | 5.5% | 6.3% | 4.9% |
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.