Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 7% | 8.9% | 7.4% |
| EBIT margin % | 5.3% | 7.8% | 6.3% |
| PAT margin % | 8.3% | 7% | 8% |
| Working capital | |||
| Receivable days | 15 | 15 | 14 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 34 | 45 | 48 |
| NWC days | -19 | -30 | -34 |
| Leverage | |||
| Current ratio | 1.52 | 2.21 | 3.51 |
| Debt to EBITDA | 0.88 | 0.4 | 0.28 |
| Debt to equity | 0.09 | 0.05 | 0.01 |
| Interest coverage | 23.3 | 38.1 | 45.4 |
| Asset turnover | 1.07 | 1.03 | 0.5 |
| Return ratios | |||
| Return on assets % | 8.8% | 7.2% | 4% |
| Return on capital employed % | 10% | 16.7% | 9.1% |
| Return on equity % | 12.6% | 10.3% | 4.7% |
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.