Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 30% | 27.6% | 27% |
| EBITDA margin % | 16.5% | 14.3% | 11.9% |
| EBIT margin % |
| 13% |
| 10.9% |
| 8.4% |
| PAT margin % | 11.4% | 9.2% | 7.3% |
| Working capital | |||
| Receivable days | 47 | 46 | 48 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 54 | 55 | 54 |
| NWC days | -7 | -9 | -6 |
| Leverage | |||
| Current ratio | 2.4 | 2.54 | 2.77 |
| Debt to EBITDA | 0.25 | 0.14 | 0 |
| Debt to equity | 0.12 | 0.06 | 0 |
| Interest coverage | 30.6 | 44.9 | 103.6 |
| Asset turnover | 1.85 | 1.88 | 2 |
| Return ratios | |||
| Return on assets % | 21.1% | 17.4% | 14.6% |
| Return on capital employed % | 43.4% | 37.1% | 30.5% |
| Return on equity % | 34.9% | 26.6% | 22% |
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.