Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 17.7% | 16.1% | 16.5% | 20.3% |
| EBIT margin % | 14.5% | 13.1% | 14.1% | 17.4% |
| PAT margin % | 13% | 13.2% | 16.6% | 17.4% |
| Working capital | ||||
| Receivable days | — | 132 | 140 | 86 |
| Inventory days | — | 0 | 0 | 0 |
| Payable days | 0 | 24 | 14 | 12 |
| NWC days | — | 108 | 126 | 74 |
| Leverage | ||||
| Current ratio | 4.15 | 3.79 | 6.43 | 4.66 |
| Debt to EBITDA | — | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 |
| Interest coverage | 28.6 | 28.4 | 39.5 | 33.3 |
| Asset turnover | 0.97 | 0.86 | 0.51 | 0.49 |
| Return ratios | ||||
| Return on assets % | 12.5% | 11.3% | 8.4% | 8.5% |
| Return on capital employed % | 21.1% | 19.8% | 16.4% | 13.9% |
| Return on equity % | 16.4% | 14.5% | 9.6% | 10.2% |
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.