Standalone figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 37.8% | 54.9% | -2% | 56.2% | 24.9% | 58.4% | 53.7% | 51.4% |
| EBIT margin % | 30.3% | 52.4% | -4.6% | 56.1% | 24.8% | 57% | 50.2% | 46.8% |
| PAT margin % | 27.2% | 39.4% | -4.5% | 41.3% | 14.3% | 39.3% | 34.7% | 32.3% |
| Working capital | ||||||||
| Receivable days | — | — | — | 44 | 3 | 4 | 24 | — |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | 31 | 4 | 37 | 15 | — |
| NWC days | — | — | — | 13 | -2 | -33 | 9 | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 3.97 | 4.27 | 3.48 | 6.86 | — |
| Debt to EBITDA | — | — | — | 0.85 | 1.86 | 0.35 | 0.28 | 0.48 |
| Debt to equity | — | — | — | 0.21 | 0.18 | 0.12 | 0.05 | 0.08 |
| Interest coverage | 6.4 | 21.6 | 0.7 | 9 | 3.8 | 13.9 | 12.3 | 12 |
| Asset turnover | — | — | — | 0.33 | 0.3 | 0.42 | 0.27 | 0.28 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 13.5% | 4.3% | 16.3% | 9.3% | 8.9% |
| Return on capital employed % | — | — | — | 25.5% | 10.6% | 37.7% | 21.9% | — |
| Return on equity % | — | — | — | 18.3% | 5.6% | 23.8% | 10.9% | 10.3% |
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.