Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 56% | 58.2% | 50.9% |
| EBIT margin % | 52.5% | 55.4% | 44.9% |
| PAT margin % | 39.1% | 41.8% | 30.6% |
| Working capital | |||
| Receivable days | 48 | 38 | — |
| Inventory days | 0 | 0 | 0 |
| Payable days | 13 | 1 | — |
| NWC days | 35 | 36 | — |
| Leverage | |||
| Current ratio | 16.08 | 3.2 | — |
| Debt to EBITDA | 0.05 | 0.03 | 0.03 |
| Debt to equity | 0.03 | 0.01 | 0.01 |
| Interest coverage | 79.7 | 56.2 | 11.9 |
| Asset turnover | 0.85 | 0.62 | 0.53 |
| Return ratios | |||
| Return on assets % | 33.1% | 26% | 16.1% |
| Return on capital employed % | 48.2% | 54.8% | — |
| Return on equity % | 43.9% | 39.7% | 22.1% |
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.