Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 12.4% | 11.3% | 17% | 14% | -76.8% |
| EBIT margin % | 11.3% | 7.8% | 10.9% | 9.5% | -86.9% |
| PAT margin % | 7.7% | 5.9% | 7.2% | 6.8% | -66.3% |
| Working capital | |||||
| Receivable days | 65 | 80 | 108 | 102 | 181 |
| Inventory days | — | 0 | 0 | 0 | 0 |
| Payable days | — | 81 | 50 | 45 | 63 |
| NWC days | — | -1 | 58 | 57 | 118 |
| Leverage | |||||
| Current ratio | — | 2.13 | 2.27 | 3.26 | 2.29 |
| Debt to EBITDA | 1.29 | 1.47 | 1.12 | 1.08 | — |
| Debt to equity | 0.26 | 0.24 | 0.23 | 0.15 | 0.27 |
| Interest coverage | 8.5 | 4.2 | 3.3 | 5.5 | -24.3 |
| Asset turnover | 0.88 | 0.75 | 0.71 | 0.72 | 0.36 |
| Return ratios | |||||
| Return on assets % | 6.8% | 4.5% | 5.1% | 4.9% | -23.9% |
| Return on capital employed % | — | 11.2% | 14.1% | 12.5% | -38.5% |
| Return on equity % | 12.6% | 8.4% | 8.9% | 6.7% | -39.3% |
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.