Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 28.2% | 38.5% | 46.4% |
| EBIT margin % | 25.2% | 36.4% | 44.4% |
| PAT margin % | 15.1% | 42% | 68.5% |
| Working capital | |||
| Receivable days | 15 | 16 | 11 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 84 | 342 | 58 |
| NWC days | -69 | -326 | -47 |
| Leverage | |||
| Current ratio | 11.54 | 5.19 | 12.69 |
| Debt to EBITDA | 2.21 | 1.18 | 0.54 |
| Debt to equity | 0.09 | 0.07 | 0.04 |
| Interest coverage | 36.7 | 75 | 203.5 |
| Asset turnover | 0.09 | 0.1 | 0.11 |
| Return ratios | |||
| Return on assets % | 1.4% | 4.1% | 7.7% |
| Return on capital employed % | 3.1% | 5.6% | 8.8% |
| Return on equity % | 2.2% | 6.5% | 9.8% |
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.