Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 47.5% | 42.7% | 50.2% | 53.8% | 54.6% | 60.7% | 63.5% | 57.5% |
| EBIT margin % | 47.5% | 42.7% | 46.6% | 50.5% | 51.2% | 57.8% | 60.6% | 54.5% |
| PAT margin % | 35.4% | 37.2% | 37.4% | 39.4% | 38.6% | 44.9% | 45.1% | 36.6% |
| Working capital | ||||||||
| Receivable days | 3 | — | 9 | 14 | — | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 41 | — | 60 | 64 | — | — | — | — |
| NWC days | — | — | -50 | -50 | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 11.44 | 12.5 | — | — | — | — |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 41.5 | 58.4 | 58.5 | 59.2 | 71 | 71.3 | 64.6 |
| Asset turnover | 0.37 | — | 0.29 | 0.31 | 0.3 | 0.34 | 0.35 | 0.35 |
| Return ratios | ||||||||
| Return on assets % | 13.2% | — | 10.8% | 12.1% | 11.7% | 15.1% | 15.6% | 12.9% |
| Return on capital employed % | — | — | 15.5% | 17.3% | — | — | — | — |
| Return on equity % | 14.5% | — | 12.1% | 13.2% | 12.7% | 16.3% | 17.3% | 14.5% |
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.