Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | — | 24.9% | 21.3% | 26.3% | 22.8% | 18.3% | 12.2% | 13.1% |
| EBIT margin % | — | 23.3% | 17.5% | 21.6% | 18.2% | 14% | 7.6% | 8.8% |
| PAT margin % | — | 44.2% | 16% | 13.7% | 11.3% | 11.2% | 6.8% | 9.4% |
| Working capital | ||||||||
| Receivable days | — | — | 13 | 1 | 1 | 2 | 16 | 130 |
| Inventory days | — | — | 0 | 0 | — | — | 0 | 0 |
| Payable days | — | — | 12 | 12 | — | — | 7 | 3 |
| NWC days | — | — | 1 | -11 | — | — | 9 | 127 |
| Leverage | ||||||||
| Current ratio | — | — | 0.43 | 0.41 | 0.31 | 0.45 | 0.96 | 2.41 |
| Debt to EBITDA | — | — | 3.64 | 2.22 | 1.5 | 1.27 | 2.21 | 3.93 |
| Debt to equity | — | — | 0.22 | 0.18 | 0.13 | 0.09 | 0.1 | 0.19 |
| Interest coverage | 0 | — | 18.8 | 5.3 | 3.8 | 6.5 | 5.4 | 4.5 |
| Asset turnover | — | — | 0.2 | 0.24 | 0.31 | 0.33 | 0.32 | 0.29 |
| Return ratios | ||||||||
| Return on assets % | — | — | 3.2% | 3.3% | 3.4% | 3.7% | 2.2% | 2.7% |
| Return on capital employed % | — | — | 4.5% | 5.8% | 7.5% | 6.3% | 4% | 4.7% |
| Return on equity % | — | — | 4.5% | 4.2% | 4.3% | 4.3% | 2.6% | 3.4% |
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.