Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 28.6% | 28.9% | 34.2% |
| EBIT margin % | 25.4% | 24.7% | 30.3% |
| PAT margin % | 20.4% | 18.3% | 22.6% |
| Working capital | |||
| Receivable days | 73 | 73 | 65 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 19 | 15 | 26 |
| NWC days | 54 | 58 | 39 |
| Leverage | |||
| Current ratio | 1.14 | 1.5 | 1.42 |
| Debt to EBITDA | 2.29 | 0.98 | 0.59 |
| Debt to equity | 1.03 | 0.42 | 0.23 |
| Interest coverage | 8.4 | 7.8 | 14 |
| Asset turnover | 0.6 | 0.87 | 0.75 |
| Return ratios | |||
| Return on assets % | 12.2% | 15.9% | 16.9% |
| Return on capital employed % | 22.4% | 29.2% | 33.8% |
| Return on equity % | 32% | 27.2% | 25.8% |
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.