Standalone figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 75.7% | 76.4% | 78.2% | 75.7% | 79.8% | 80.1% | 82.9% | 81.3% |
| EBIT margin % | 75.7% | 76.4% | 76.3% | 73.8% | 77.4% | 77.7% | 80.4% | 78.9% |
| PAT margin % | 21% | 20.3% | — | — | 26.9% | 26.5% | 23.7% | 23.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | 1 | — | — | — | — |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | 50 | — | — | 38 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 5.52 | — | 9.1 | 9.5 | 10.15 | 9.31 | 8.75 | 8.74 |
| Debt to equity | 2.97 | — | — | 4.04 | 4.23 | 4.32 | 4.25 | 4.29 |
| Interest coverage | 1.6 | 1.7 | 1.5 | 1.7 | 1.8 | 1.7 | 1.6 | 1.7 |
| Asset turnover | 0.12 | — | — | 0.11 | 0.1 | 0.11 | 0.11 | 0.11 |
| Return ratios | ||||||||
| Return on assets % | 2.6% | — | — | — | 2.7% | 2.9% | 2.6% | 2.7% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 15% | — | — | — | 14.1% | 15.4% | 13.8% | 14.4% |
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.