Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 35% | 27.7% | 31.4% | 26.8% |
| EBIT margin % | 20.9% | 13.1% | 20.8% | 18% |
| PAT margin % | 11.5% | 6.4% | 14.9% | 15.9% |
| Working capital | ||||
| Receivable days | — | — | — | 62 |
| Inventory days | — | — | — | 0 |
| Payable days | — | — | — | 34 |
| NWC days | — | — | — | 28 |
| Leverage | ||||
| Current ratio | 0.93 | 1.19 | 4.84 | 7.59 |
| Debt to EBITDA | 1.73 | 1.4 | 0.36 | 0 |
| Debt to equity | 0.42 | 0.26 | 0.07 | 0 |
| Interest coverage | 3.2 | 2.8 | 14 | 19.2 |
| Asset turnover | 0.45 | 0.47 | 0.5 | 0.4 |
| Return ratios | ||||
| Return on assets % | 5.1% | 3% | 7.4% | 6.4% |
| Return on capital employed % | 12.2% | 7.9% | 16.8% | 12.9% |
| Return on equity % | 8.1% | 4.3% | 9.3% | 7.5% |
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.