Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 15% | 23.8% | 32.8% | 26.8% | 31.4% | 27.8% | 26% |
| EBIT margin % | 11.7% | 21.3% | 30.6% | 24.3% | 28.6% | 25.3% | 23.7% |
| PAT margin % | 7.1% | 14.2% | 21.6% | 13.8% | 16.5% | 11.4% | 8.4% |
| Working capital | |||||||
| Receivable days | — | 172 | 146 | — | — | — | — |
| Inventory days | — | 13 | 19 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | — | 2.04 | 0.69 | 2.11 | — | 3.29 | 5.11 |
| Debt to equity | — | 0.36 | 0.19 | 0.5 | — | 0.88 | 1.26 |
| Interest coverage | 1.9 | 4.5 | 5.9 | 3 | 2.9 | 2 | 1.6 |
| Asset turnover | — | 0.25 | 0.28 | 0.27 | 0.24 | 0.26 | 0.21 |
| Return ratios | |||||||
| Return on assets % | — | 3.6% | 6.1% | 3.7% | 3.9% | 2.9% | 1.8% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | — | 10.4% | 18.2% | 12.2% | 16% | 10.9% | 8% |
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.