Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 82.6% | 87.9% | 88% |
| EBIT margin % | 59.2% | 67.5% | 64.9% |
| PAT margin % | 52.9% | 17.9% | 24.6% |
| Working capital | |||
| Receivable days | 116 | 99 | 60 |
| Inventory days | 0 | 8 | 26 |
| Payable days | 117 | 483 | 23 |
| NWC days | -1 | -376 | 63 |
| Leverage | |||
| Current ratio | 2.19 | 2.86 | 2.17 |
| Debt to EBITDA | 7.54 | 8.44 | 10.66 |
| Debt to equity | 3.17 | 2.31 | 3.75 |
| Interest coverage | 1.2 | 1.5 | 1.6 |
| Asset turnover | 0.1 | 0.08 | 0.07 |
| Return ratios | |||
| Return on assets % | 5.2% | 1.4% | 1.7% |
| Return on capital employed % | 7.8% | 7.7% | 8.5% |
| Return on equity % | 26.9% | 5.6% | 9.8% |
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.