Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 36% | 49.8% | 50.3% |
| EBITDA margin % | 29.2% | 38.2% | 39.4% |
| EBIT margin % |
| 25.3% |
| 32.7% |
| 32% |
| PAT margin % | 17.9% | 23.4% | 34.6% |
| Working capital | |||
| Receivable days | 59 | 118 | 93 |
| Inventory days | 3 | 5 | 3 |
| Payable days | 45 | 106 | 33 |
| NWC days | 16 | 18 | 63 |
| Leverage | |||
| Current ratio | 3 | 1.62 | 0.84 |
| Debt to EBITDA | 0.25 | 1.64 | 2.5 |
| Debt to equity | 0.06 | 0.48 | 0.41 |
| Interest coverage | 11.6 | 8.2 | 6.6 |
| Asset turnover | 0.71 | 0.45 | 0.29 |
| Return ratios | |||
| Return on assets % | 12.7% | 10.6% | 10% |
| Return on capital employed % | 22.9% | 24.8% | 19.6% |
| Return on equity % | 15.7% | 18.1% | 14.3% |
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.