Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 1.8% | 1.6% | 1.4% | 1.5% | 1.1% | 1% | 0.9% | 0.8% |
| EBIT margin % | 1.7% | 1.3% | 1.1% | 1.2% | 0.8% | 0.6% | 0.5% | 0.4% |
| PAT margin % | 2.4% | 0.9% | 1.9% | 0.4% | 1.4% | 1.3% | 0.9% | 0.9% |
| Working capital | ||||||||
| Receivable days | 21 | 18 | 18 | 16 | 19 | 13 | 12 | 12 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 2 | 1 | 1 | 1 | 1 | 1 |
| NWC days | — | — | 16 | 14 | 17 | 12 | 11 | 11 |
| Leverage | ||||||||
| Current ratio | 1.11 | 0.91 | 1.4 | 1.3 | 1.29 | 1.16 | 1.19 | 1.35 |
| Debt to EBITDA | 0 | 0.87 | 0 | 0.29 | 0.17 | 0.97 | 0.07 | 0 |
| Debt to equity | 0 | 0.11 | 0 | 0.04 | 0.02 | 0.11 | 0.01 | 0 |
| Interest coverage | 48 | 11.9 | 16.8 | 27.9 | 22.3 | 13.8 | 9.6 | 12.4 |
| Asset turnover | 4.01 | 4.05 | 3.55 | 4.1 | 4.32 | 4.88 | 5.39 | 4.32 |
| Return ratios | ||||||||
| Return on assets % | 9.4% | 3.5% | 6.7% | 1.6% | 6.1% | 6.1% | 5.1% | 3.9% |
| Return on capital employed % | 18.5% | 16.4% | 13.6% | 12.7% | 12.1% | 12% | 11% | 9.7% |
| Return on equity % | 18.3% | 7.3% | 12.8% | 3.3% | 12.5% | 13.9% | 11.2% | 10.2% |
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.