Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 90.7% | 92.2% | 82.2% | 90.2% | 87% | 88.9% | 87.7% | 90% |
| EBIT margin % | 90.4% | 92% | 81.9% | 89.6% | 86.3% | 88.5% | 87.3% | 89.8% |
| PAT margin % | 33.2% | 37.5% | 30.8% | 33.6% | 38% | 37.7% | 41.3% | 45.1% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 4.56 | 6.24 | 6.7 | 5.55 | 4.96 | 4.54 | 3.91 | 4.38 |
| Debt to equity | 1.5 | 1.62 | 1.73 | 1.36 | 0.98 | 0.9 | 0.71 | 0.82 |
| Interest coverage | 2.1 | 2.1 | 1.8 | 1.9 | 2.2 | 2.1 | 2.3 | 2.7 |
| Asset turnover | 0.13 | 0.11 | 0.12 | 0.11 | 0.11 | 0.11 | 0.12 | 0.11 |
| Return ratios | ||||||||
| Return on assets % | 4.4% | 4.1% | 3.6% | 3.8% | 4.3% | 4.3% | 4.9% | 5.1% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 12% | 10.5% | 9.7% | 9.1% | 8.6% | 8.4% | 8.5% | 9.4% |
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.