Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 92.5% | 91.4% | 90.9% | 90.1% | 90% | 86.9% | 90.6% | 91.1% |
| EBIT margin % | 90.6% | 89.5% | 88.3% | 87.3% | 86.9% | 83.6% | 87.4% | 87.8% |
| PAT margin % | 63% | 69.5% | 110.8% | 52.2% | 36.2% | 36.6% | 56.4% | 71.8% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 30 | 32 | 17 | 16 | 6 | 14 |
| NWC days | — | — | -30 | -32 | -17 | -16 | -6 | -14 |
| Leverage | ||||||||
| Current ratio | 0.12 | 0.26 | 2.28 | 0.9 | 0.25 | 0.19 | 0.11 | 0.25 |
| Debt to EBITDA | — | 0.78 | 0.84 | 0.86 | 0.49 | 0.38 | 0.23 | 0.08 |
| Debt to equity | — | 0.1 | 0.08 | 0.08 | 0.04 | 0.03 | 0.02 | 0.01 |
| Interest coverage | 31.3 | 28.4 | 9 | 8.1 | 8.9 | 10.4 | 12.2 | 14.5 |
| Asset turnover | 0.09 | 0.1 | 0.07 | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | 5.8% | 6.8% | 8.2% | 3.9% | 2.4% | 2.1% | 3.4% | 4.4% |
| Return on capital employed % | 9% | 9.2% | 8.6% | 7.2% | 6.9% | 5.9% | 5.9% | 6.4% |
| Return on equity % | 8.2% | 9.8% | 11.8% | 5.7% | 3.3% | 2.8% | 4.3% | 5.5% |
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.