Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 11.6% | 11.8% | 15.9% | 16.2% | 15.7% | 14.9% | 10.8% | 10.7% |
| EBIT margin % | 11% | 11% | 14.9% | 15.2% | 14.4% | 13.4% | 9% | 8.6% |
| PAT margin % | 7.1% | 8.6% | 11.9% | 11.9% | 11.2% | 10.5% | 7.5% | 7.3% |
| Working capital | ||||||||
| Receivable days | 58 | 59 | 73 | 64 | 62 | 67 | 68 | 70 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 29 | 25 | 39 | 30 | 32 | 33 | 32 | 27 |
| NWC days | — | — | 35 | 34 | 30 | 35 | 36 | 44 |
| Leverage | ||||||||
| Current ratio | 1.73 | 2.36 | 2.6 | 2.93 | 2.4 | 2.91 | 3.18 | 3.16 |
| Debt to EBITDA | 0.07 | 0.02 | 0.01 | 0.01 | 0 | 0.02 | 0 | 0.07 |
| Debt to equity | 0.03 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Interest coverage | 30.6 | 131 | 170.5 | 190 | 103 | 119.3 | 97.1 | 64.5 |
| Asset turnover | 2.7 | 2.39 | 1.54 | 1.65 | 1.69 | 1.47 | 1.31 | 1.24 |
| Return ratios | ||||||||
| Return on assets % | 19.2% | 20.6% | 18.4% | 19.6% | 19% | 15.5% | 9.8% | 9% |
| Return on capital employed % | 48.8% | 39% | 34.2% | 35.1% | 32.3% | 26.3% | 16.1% | 14.6% |
| Return on equity % | 27.3% | 26.4% | 23.2% | 24% | 23.4% | 18.7% | 11.8% | 10.8% |
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.