Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 77% | 77.9% | 76.3% | 76.4% |
| EBIT margin % | 76.2% | 77.1% | 75.5% | 75.5% |
| PAT margin % | 27.3% | 29.7% | 29.4% | 29.8% |
| Working capital | ||||
| Receivable days | — | — | — | — |
| Inventory days | — | 0 | 0 | 0 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | 7.91 | 7.1 | 6.88 | 6.69 |
| Debt to equity | 3.29 | 3.14 | 2.56 | 2.49 |
| Interest coverage | 1.9 | 2 | 2 | 2 |
| Asset turnover | 0.12 | 0.13 | 0.13 | 0.13 |
| Return ratios | ||||
| Return on assets % | 3.3% | 3.9% | 3.9% | 4% |
| Return on capital employed % | — | — | — | — |
| Return on equity % | 14.7% | 16.8% | 14.3% | 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.