Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 41% | 38.3% | ||
| 35% |
| 36.7% |
| EBIT margin % | 40.7% | 37.9% | 34.5% | 35.7% |
| PAT margin % | 12.6% | 53.8% | 75.3% | 27.9% |
| Working capital | ||||
| Receivable days | 51 | 66 | 56 | 62 |
| Inventory days | 2 | 1 | 1 | 2 |
| Payable days | 42 | 71 | 35 | 39 |
| NWC days | 12 | -4 | 23 | 25 |
| Leverage | ||||
| Current ratio | 9.32 | 19.87 | 3.17 | 2.35 |
| Debt to EBITDA | 14.96 | 16.19 | 18.7 | 20.41 |
| Debt to equity | 2.03 | 0.69 | 0.66 | 0.87 |
| Interest coverage | 1.1 | 2.5 | 2.4 | 1.3 |
| Asset turnover | 0.11 | 0.06 | 0.06 | 0.06 |
| Return ratios | ||||
| Return on assets % | 1.3% | 3.4% | 4.3% | 1.6% |
| Return on capital employed % | 10.3% | 9.4% | 10.1% | 8.8% |
| Return on equity % | 4.2% | 6% | 7.6% | 3.2% |
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.