Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 20.5% | 24.6% | 16.5% | 16.4% | 12.9% |
| EBIT margin % | 19.2% | 23.3% | 14.9% | 14.3% | 10.5% |
| PAT margin % | 13.4% | 17.7% | 11.8% | 11.3% | 9.5% |
| Working capital | |||||
| Receivable days | 100 | 72 | 73 | 67 | 71 |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 2 | 1 | 2 | 3 | 2 |
| NWC days | 98 | 71 | 72 | 64 | 70 |
| Leverage | |||||
| Current ratio | 3.47 | 5.26 | 5.02 | 2.74 | 1.75 |
| Debt to EBITDA | 0.46 | 0.33 | 0.51 | 1.34 | 2.89 |
| Debt to equity | 0.19 | 0.12 | 0.13 | 0.33 | 0.53 |
| Interest coverage | 15.2 | 91.7 | 52 | 30 | 11 |
| Asset turnover | 1.5 | 1.27 | 1.24 | 1.02 | 0.85 |
| Return ratios | |||||
| Return on assets % | 20.1% | 22.5% | 14.7% | 11.5% | 8.1% |
| Return on capital employed % | 39.3% | 45.8% | 25.7% | 23.9% | 18.2% |
| Return on equity % | 27.3% | 27.3% | 17.9% | 16.7% | 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.