Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 76.9% | 97.5% | 97.4% |
| EBITDA margin % | — | 28.9% | ||
Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 76.9% | 97.5% | 97.4% |
| EBITDA margin % | — | 28.9% | ||
| 33.2% |
| 43% |
| EBIT margin % | — | 5.8% | 10.3% | 11.8% |
| PAT margin % | 2.3% | -2.1% | 5.5% | 5.4% |
| Working capital | ||||
| Receivable days | 21 | 50 | 54 | 13 |
| Inventory days | — | 0 | 1 | 8 |
| Payable days | — | 242 | 2,486 | 1,991 |
| NWC days | — | -191 | -2,431 | -1,969 |
| Leverage | ||||
| Current ratio | 0.49 | 0.65 | 0.71 | 0.6 |
| Debt to EBITDA | — | 0.13 | 0.06 | 0.1 |
| Debt to equity | — | 0.13 | 0.05 | 0.09 |
| Interest coverage | 1.5 | 0.8 | 1.3 | 1.3 |
| Asset turnover | 0.91 | 0.61 | 0.48 | 0.42 |
| Return ratios | ||||
| Return on assets % | 2.1% | -1.3% | 2.6% | 2.3% |
| Return on capital employed % | 3.7% | 9.4% | 13% | 12.3% |
| Return on equity % | 11.5% | -7.2% | 14.3% | 12.2% |
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.