Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 98.9% | — | 95% |
| EBITDA margin % | 8.1% | 15.4% | 13.9% |
| EBIT margin % | 8.1% | 15.3% | 10.1% |
| PAT margin % | 5.9% | 11.7% | 6.3% |
| Working capital | |||
| Receivable days | 39 | 13 | 111 |
| Inventory days | 0 | 0 | 231 |
| Payable days | 3,555 | 129 | 3,908 |
| NWC days | -3,517 | -116 | -3,566 |
| Leverage | |||
| Current ratio | 0.64 | 2.22 | 1.69 |
| Debt to EBITDA | 0.35 | 1.32 | 2.21 |
| Debt to equity | 0.27 | 0.47 | 0.43 |
| Interest coverage | 36.8 | 38.5 | 5 |
| Asset turnover | 3.07 | 0.83 | 0.53 |
| Return ratios | |||
| Return on assets % | 18% | 9.7% | 3.3% |
| Return on capital employed % | 60.9% | 36.3% | 14.1% |
| Return on equity % | 56.1% | 27% | 8.7% |
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.