Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 42.5% | 42.9% | 35.2% | 29.3% |
| EBIT margin % | 42% | 42.1% | 33.6% | 27.4% |
| PAT margin % | 32.3% | 31.7% | 25.3% | 20.6% |
| Working capital | ||||
| Receivable days | 71 | 54 | 56 | 69 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 4 | 1 | 2 | 2 |
| NWC days | 68 | 53 | 55 | 67 |
| Leverage | ||||
| Current ratio | 3.08 | 2.62 | 1.67 | 2.33 |
| Debt to EBITDA | 0 | 0 | 0.19 | 0.03 |
| Debt to equity | 0 | 0 | 0.42 | 0.05 |
| Interest coverage | — | — | 166.1 | 52 |
| Asset turnover | 2.26 | 2.72 | 2.41 | 2.61 |
| Return ratios | ||||
| Return on assets % | 72.8% | 86.1% | 61.1% | 53.8% |
| Return on capital employed % | 138.3% | 183.8% | 167.5% | 130.2% |
| Return on equity % | 110.5% | 142.4% | 162.5% | 114.4% |
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.