Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 19% | 12.7% | 18% | 15.8% | 11.2% | 5.6% | 9.5% | 12.2% |
| EBIT margin % | 16.6% | 10.4% | 15.7% | 13.9% | 9.3% | 3.7% | 7.6% | 10.4% |
| PAT margin % | 16.1% | 15.5% | 14.3% | 14.2% | 8.9% | 5.1% | 7.9% | 7.9% |
| Working capital | ||||||||
| Receivable days | — | — | 89 | 104 | 89 | 82 | 81 | 88 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 38 | 38 | 40 | 41 | 50 | 55 |
| NWC days | — | — | 51 | 66 | 49 | 41 | 31 | 32 |
| Leverage | ||||||||
| Current ratio | — | — | 3.36 | 2.61 | 1.81 | 1.67 | 1.67 | 1.59 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 1.11 | 0.25 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.11 | 0.05 | 0 |
| Interest coverage | 126.9 | 80.9 | 88.4 | 99.8 | 28.1 | 11.4 | 19.8 | 21.7 |
| Asset turnover | — | — | 0.89 | 0.98 | 1.18 | 1.21 | 1.23 | 1.28 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.7% | 13.8% | 10.5% | 6.1% | 9.7% | 10.1% |
| Return on capital employed % | — | — | 20.4% | 22.6% | 18.4% | 11% | 18.8% | 22.1% |
| Return on equity % | — | — | 16.9% | 18.7% | 15% | 9.2% | 15.6% | 17.8% |
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.