Standalone figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 62% | 71.4% | 71.5% | 69.6% | 71.3% | 71.6% | 71.8% | 73.7% |
| EBIT margin % | 61.7% | 70.6% | 70.7% | 68.9% | 69.5% | 69.9% | 70.2% | 72.2% |
| PAT margin % | 12.8% | 15.1% | 14.3% | 14.1% | 20.1% | 20.6% | 23.3% | 20.8% |
| Working capital | ||||||||
| Receivable days | — | 0 | 0 | 0 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | 0 | 11 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 7.98 | 8.53 | 8.54 | 7.44 | 7.43 | 7.8 | 7.07 |
| Debt to equity | — | 5.24 | 4.92 | 4.42 | 3.65 | 3.83 | 4.16 | 3.82 |
| Interest coverage | 1.4 | 1.4 | 1.4 | 1.4 | 1.7 | 1.7 | 1.6 | 1.6 |
| Asset turnover | — | 0.15 | 0.13 | 0.14 | 0.15 | 0.15 | 0.14 | 0.15 |
| Return ratios | ||||||||
| Return on assets % | — | 2.2% | 1.9% | 1.9% | 2.9% | 3% | 3.3% | 3.1% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | — | 13.9% | 11.5% | 10.4% | 13.8% | 14.8% | 17.3% | 15.2% |
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.