Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 19.6% | 8.9% | 48.6% | 41.7% | 44.7% | 22.5% | 16.6% | 22.2% |
| EBIT margin % | 19.6% | 8.8% | 48.1% | 41% | 43.4% | 20.8% | 14.3% | 16.5% |
| PAT margin % | 105.1% | 272.8% | 111.7% | 89.6% | 47.2% | 80.1% | 65.8% | 66.6% |
| Working capital | ||||||||
| Receivable days | — | 116 | 11 | 0 | 1 | 2 | 2 | 77 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 25 | 39 | 24 | 36 | 64 | 49 | 23 |
| NWC days | — | — | -29 | -24 | -35 | -63 | -47 | 53 |
| Leverage | ||||||||
| Current ratio | — | 9.45 | 1.5 | 0.66 | 0.96 | 2.38 | 1.95 | 1.49 |
| Debt to EBITDA | — | — | 0 | 1.25 | 2 | 3.89 | 7.49 | 16.43 |
| Debt to equity | — | — | 0 | 0.04 | 0.06 | 0.05 | 0.1 | 0.33 |
| Interest coverage | — | — | — | 56.3 | 15.6 | 12.8 | 9.6 | 5 |
| Asset turnover | — | 0.04 | 0.06 | 0.07 | 0.06 | 0.05 | 0.06 | 0.06 |
| Return ratios | ||||||||
| Return on assets % | — | 10.2% | 6.9% | 5.9% | 2.9% | 4.2% | 4.2% | 4.2% |
| Return on capital employed % | — | 10.3% | 9.6% | 9.7% | 9.3% | 7.5% | 7.5% | 8.9% |
| Return on equity % | — | 10.3% | 7% | 6.5% | 3.3% | 4.8% | 5.2% | 6% |
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.