Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 28.3% | 25.5% | 25.4% | 26.3% | 14.9% | 9.4% | 10.1% | 3.9% |
| EBIT margin % | 23.9% | 21% | 20.3% | 21.8% | 10.2% | 5% | 6.8% | 0.1% |
| PAT margin % | 18.3% | 16.6% | 16.8% | 19.5% | 10% | 5.9% | 7.5% | 1.7% |
| Working capital | ||||||||
| Receivable days | 95 | 93 | 93 | 75 | 88 | 106 | 80 | 119 |
| Inventory days | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 58 | 52 | 53 | 55 | 49 | 42 | 41 | 43 |
| NWC days | 39 | 42 | 40 | 20 | 39 | 64 | 39 | 76 |
| Leverage | ||||||||
| Current ratio | 4.39 | 3.79 | 4.04 | 5 | 3.89 | 3.86 | 3.46 | 2.78 |
| Debt to EBITDA | 0.02 | — | 0 | 0 | 0 | 0.38 | 0.21 | 0.47 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0.04 | 0.02 | 0.02 |
| Interest coverage | 492.4 | 78.7 | 80.2 | 93.2 | 39.9 | 25 | 46.9 | 20.4 |
| Asset turnover | 0.66 | 0.78 | 0.65 | 0.66 | 0.82 | 0.84 | 0.88 | 0.72 |
| Return ratios | ||||||||
| Return on assets % | 12.1% | 13% | 10.8% | 12.9% | 8.2% | 5% | 6.6% | 1.2% |
| Return on capital employed % | 25.2% | 24.8% | 20.6% | 22.4% | 13% | 9.7% | 12.6% | 4.5% |
| Return on equity % | 14.5% | 16.3% | 13.2% | 15.7% | 10.6% | 6.5% | 8.4% | 1.5% |
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.