Standalone figures
| Ratio | Dec 2024 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 72.8% | 73.2% | 73.4% |
| EBIT margin % | 71.1% | 71.4% | 71.7% |
| PAT margin % | 55.9% | 57.2% | 57.6% |
| Working capital | |||
| Receivable days | 67 | 80 | 75 |
| Inventory days | 1 | 4 | 1 |
| Payable days | 82 | 82 | 21 |
| NWC days | -14 | 3 | 56 |
| Leverage | |||
| Current ratio | 3.89 | 7.55 | 8.25 |
| Debt to EBITDA | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 |
| Interest coverage | 247.6 | 320.6 | 347.1 |
| Asset turnover | 0.32 | 0.36 | 0.46 |
| Return ratios | |||
| Return on assets % | 17.9% | 20.4% | 26.5% |
| Return on capital employed % | 26.6% | 30.7% | 37.2% |
| Return on equity % | 20.1% | 21.7% | 27.8% |
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.