Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 24.1% | 24.1% | 19.5% | 16.5% | 14.5% |
| EBITDA margin % | 17% | 15.6% | 7.5% | 4% | 0.9% |
| EBIT margin % | 16.8% | 15.1% | 6.7% | 3.2% | 0.1% |
| PAT margin % | 14.5% | 15% | 5.2% | 5.9% | 6.4% |
| Working capital | |||||
| Receivable days | — | 268 | 399 | 538 | 290 |
| Inventory days | — | 7 | 5 | 0 | 0 |
| Payable days | — | 85 | 80 | 64 | 95 |
| NWC days | — | 189 | 324 | 474 | 195 |
| Leverage | |||||
| Current ratio | — | 2.84 | 4.09 | 2.73 | 1.27 |
| Debt to EBITDA | — | 0.64 | 2.66 | 12.45 | 44 |
| Debt to equity | — | 0.12 | 0.11 | 0.24 | 0.25 |
| Interest coverage | 329.3 | 49.8 | 4.6 | 3.6 | 3.6 |
| Asset turnover | — | 0.83 | 0.45 | 0.35 | 0.42 |
| Return ratios | |||||
| Return on assets % | — | 12.5% | 2.4% | 2.1% | 2.7% |
| Return on capital employed % | — | 24.1% | 6.5% | 5.8% | 7.3% |
| Return on equity % | — | 17.6% | 3% | 2.8% | 3.9% |
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.