Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 33.5% | 31.1% | 22.7% | 12.3% |
| EBITDA margin % | 13.6% | 13.9% | ||
| 11.6% |
| 6.7% |
| EBIT margin % | 12.5% | 12.8% | 10.4% | 6.1% |
| PAT margin % | 8.4% | 11.1% | 11.2% | 6.2% |
| Working capital | ||||
| Receivable days | 27 | 30 | 66 | 39 |
| Inventory days | 1 | 3 | 0 | 0 |
| Payable days | 6 | 6 | 50 | 31 |
| NWC days | 23 | 28 | 17 | 8 |
| Leverage | ||||
| Current ratio | 1.1 | 4.69 | 2.06 | 2.85 |
| Debt to EBITDA | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 |
| Interest coverage | 8.5 | 54.8 | 106.5 | 139.7 |
| Asset turnover | 1.35 | 0.59 | 0.77 | 1.47 |
| Return ratios | ||||
| Return on assets % | 11.3% | 6.6% | 8.7% | 9.1% |
| Return on capital employed % | 29% | 16.6% | 16.5% | 17% |
| Return on equity % | 19% | 7.8% | 12.1% | 13.3% |
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.