Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 95.4% | 96% |
| EBITDA margin % | 6.2% | 3.4% |
| EBIT margin % | 5.7% | 2.7% |
| PAT margin % | 4% | 2.1% |
| Working capital | ||
| Receivable days | 56 | 155 |
| Inventory days | 0 | 0 |
| Payable days | 124 | 100 |
| NWC days | -68 | 55 |
| Leverage | ||
| Current ratio | 2.23 | 2.56 |
| Debt to EBITDA | 1.53 | 1.92 |
| Debt to equity | 0.3 | 0.2 |
| Interest coverage | 4.6 | 3 |
| Asset turnover | 1.82 | 1.89 |
| Return ratios | ||
| Return on assets % | 7.2% | 4% |
| Return on capital employed % | 18.7% | 10.2% |
| Return on equity % | 12.8% | 6.5% |
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.