Standalone figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 19% | 21.6% | 25.5% | 22.1% | 23.2% | 29.9% | 26.9% |
| EBIT margin % | 17.2% | 20.3% | 24.4% | 20.8% | 21.5% | 28.4% | 25.5% |
| PAT margin % | 16% | 17.8% | 20.4% | 18.7% | 19.5% | 24.9% | 22.6% |
| Working capital | |||||||
| Receivable days | — | — | — | 291 | 335 | 365 | 400 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | 443 | 535 | 479 | 551 |
| NWC days | — | — | — | -151 | -200 | -114 | -150 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.86 | 1.82 | 2.02 | 1.98 |
| Debt to EBITDA | — | — | — | 0 | 0.32 | 0.17 | 0 |
| Debt to equity | — | — | — | 0 | 0.04 | 0.03 | 0 |
| Interest coverage | 22.3 | 26.4 | 37.2 | 24.9 | 26.9 | 19 | 22 |
| Asset turnover | — | — | — | 0.33 | 0.31 | 0.33 | 0.29 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 6.1% | 6% | 8.3% | 6.5% |
| Return on capital employed % | — | — | — | 15.1% | 16.3% | 21.5% | 17% |
| Return on equity % | — | — | — | 10.7% | 11.2% | 14.4% | 11.6% |
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.