Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 21.9% | 23.2% | 30.1% | 25.5% | 18.9% | 26% | 22.1% | 22% |
| EBIT margin % | 18.8% | 17.3% | 23.6% | 20% | 14.8% | 23.3% | 19.9% | 20.6% |
| PAT margin % | 18.8% | 16.9% | 21.3% | 19.7% | 16.9% | 23.6% | 26.7% | 25.1% |
| Working capital | ||||||||
| Receivable days | 233 | 281 | 176 | 208 | 144 | 141 | 126 | 98 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 30 | 28 | 35 | 33 | 18 | 20 | 14 | 15 |
| NWC days | — | — | 141 | 175 | 126 | 121 | 112 | 83 |
| Leverage | ||||||||
| Current ratio | 5.34 | 5.15 | 5.69 | 5.52 | 5.2 | 5.02 | 7.58 | 5.15 |
| Debt to EBITDA | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 37.3 | 14.1 | 18.1 | 15.5 | 23.4 | 42.9 | 67.8 | 165 |
| Asset turnover | 0.78 | 0.66 | 0.59 | 0.64 | 0.66 | 0.64 | 0.63 | 0.66 |
| Return ratios | ||||||||
| Return on assets % | 14.8% | 11.1% | 12.6% | 12.5% | 11.1% | 15.2% | 16.9% | 16.5% |
| Return on capital employed % | 24.4% | 20% | 20.7% | 21.5% | 17.9% | 24.5% | 25% | 26.3% |
| Return on equity % | 17.6% | 14.6% | 15.8% | 15.4% | 13.4% | 17.8% | 19.2% | 19.5% |
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.