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% | 90.7% | 88.9% | 88.6% | 85.6% | 82% | 74.9% | 28.9% |
| EBIT margin % | 92% | 89.8% | 87.8% | 87.7% | 84.5% | 80.9% | 73.9% | 27.9% |
| PAT margin % | 24.2% | 19% | 12.2% | 9% | 11.1% | 13.4% | 12.4% | -101.1% |
| Working capital | ||||||||
| Receivable days | 0 | 0 | 0 | 0 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 6.79 | 7.07 | 8.2 | 8.27 | 7.53 | 7.2 | 7.08 | 22.04 |
| Debt to equity | 5.57 | 4.89 | 4.06 | 3.64 | 2.96 | 2.41 | 1.77 | 2.41 |
| Interest coverage | 1.6 | 1.3 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 0.4 |
| Asset turnover | 0.13 | 0.12 | 0.1 | 0.1 | 0.11 | 0.11 | 0.11 | 0.11 |
| Return ratios | ||||||||
| Return on assets % | 3.1% | 2.3% | 1.3% | 0.9% | 1.2% | 1.5% | 1.4% | -10.7% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 21.6% | 14.5% | 6.8% | 4.4% | 5.1% | 5.5% | 4.1% | -38.1% |
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.