Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 21.8% | 26.9% | 24.8% | 17.6% | 15.3% | 15.5% | 19.5% | 19.5% |
| EBIT margin % | 21% | 23.7% | 21.6% | 14.9% | 13% | 13% | 17% | 17.5% |
| PAT margin % | 17.3% | 25.4% | 15% | 17% | 13.3% | 13.6% | 14.2% | 15.2% |
| Working capital | ||||||||
| Receivable days | — | — | — | 51 | 56 | 70 | 84 | 98 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | 13 | 9 | 12 | 9 | 3 |
| NWC days | — | — | — | 37 | 48 | 58 | 75 | 94 |
| Leverage | ||||||||
| Current ratio | — | — | — | 2.29 | 2.94 | 3.9 | 1.65 | 2.14 |
| Debt to EBITDA | — | — | — | 0 | 0 | 0 | 0.24 | 0 |
| Debt to equity | — | — | — | 0 | 0 | 0 | 0.06 | 0 |
| Interest coverage | 5.8 | 9.2 | 10.3 | 17.7 | 42.6 | 54.2 | 16.1 | 20 |
| Asset turnover | — | — | — | 0.89 | 1.02 | 0.93 | 0.83 | 0.95 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 15.2% | 13.6% | 12.7% | 11.8% | 14.4% |
| Return on capital employed % | — | — | — | 23.1% | 20.9% | 20.1% | 28.4% | 26.2% |
| Return on equity % | — | — | — | 18% | 16% | 15.1% | 18.5% | 18.9% |
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.