Standalone figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 95.1% | 95.8% |
| EBITDA margin % | 5.3% | 2.3% |
| EBIT margin % | 4.7% | 1.6% |
| PAT margin % | 3.2% | 1.1% |
| Working capital | ||
| Receivable days | 61 | 151 |
| Inventory days | 0 | 0 |
| Payable days | 124 | 98 |
| NWC days | -63 | 54 |
| Leverage | ||
| Current ratio | 2.3 | 2.58 |
| Debt to EBITDA | 1.9 | 3.02 |
| Debt to equity | 0.32 | 0.21 |
| Interest coverage | 4.4 | 1.9 |
| Asset turnover | 1.85 | 1.92 |
| Return ratios | ||
| Return on assets % | 5.9% | 2.2% |
| Return on capital employed % | 15.7% | 6.8% |
| Return on equity % | 10.1% | 3.5% |
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.