Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 42.7% | 72% | 77.6% | 73.6% |
| EBIT margin % | 42.7% | 72% | 77.6% | 73.6% |
| PAT margin % | 31.8% | 53.6% | 59.6% | 54.2% |
| Working capital | ||||
| Receivable days | 28 | 47 | 44 | 60 |
| Inventory days | — | — | — | — |
| Payable days | — | 0 | 1 | 0 |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | 0.37 | 0.37 | 0.66 | 2.18 |
| Debt to equity | 0.05 | 0.06 | 0.11 | 0.39 |
| Interest coverage | 201.9 | 79.1 | 39.2 | 16.2 |
| Asset turnover | 0.3 | 0.2 | 0.18 | 0.17 |
| Return ratios | ||||
| Return on assets % | 9.5% | 10.9% | 10.9% | 9.1% |
| Return on capital employed % | — | — | — | — |
| Return on equity % | 10.7% | 12.4% | 12.8% | 13.2% |
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.