Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 9.6% | 9.3% | 10.1% | 13.4% | 11.9% | 10.8% | 11.1% | 11.4% |
| EBIT margin % | 6.6% | 6.2% | 6.5% | 9.7% | 8.4% | 7.5% | 8.4% | 8.7% |
| PAT margin % | 5% | 5% | 5.5% | 9.2% | 8.9% | 9.1% | 10.1% | 10.5% |
| Working capital | ||||||||
| Receivable days | 68 | 66 | 68 | 57 | 55 | 54 | 59 | 61 |
| Inventory days | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Payable days | 10 | 10 | 12 | 11 | 7 | 6 | 7 | 20 |
| NWC days | 59 | 57 | 57 | 48 | 48 | 49 | 53 | 42 |
| Leverage | ||||||||
| Current ratio | 1.4 | 1.47 | 1.84 | 3.03 | 3.96 | 4.9 | 3.67 | 2.79 |
| Debt to EBITDA | 1.62 | 1.52 | 0.97 | 0.11 | 0.14 | 0.23 | 0.23 | 0.34 |
| Debt to equity | 0.47 | 0.37 | 0.22 | 0.03 | 0.04 | 0.05 | 0.05 | 0.07 |
| Interest coverage | 5.5 | 5.7 | 7.9 | 28.8 | 42.8 | 35.3 | 30.2 | 27.9 |
| Asset turnover | 1.68 | 1.6 | 1.55 | 1.78 | 1.8 | 1.62 | 1.59 | 1.35 |
| Return ratios | ||||||||
| Return on assets % | 8.4% | 8% | 8.5% | 16.4% | 15.9% | 14.7% | 16% | 14.1% |
| Return on capital employed % | 20.3% | 16.9% | 16.6% | 24% | 23% | 20.3% | 21.8% | 20.7% |
| Return on equity % | 15.3% | 13.3% | 12.5% | 20.4% | 19.4% | 17.7% | 20% | 18.6% |
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.