Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 10.9% | 13% | 13.4% |
| EBIT margin % | 10.1% | 12% | 12.1% |
| PAT margin % | 5% | 7.7% | 8% |
| Working capital | |||
| Receivable days | 23 | 31 | 46 |
| Inventory days | — | — | — |
| Payable days | 0 | 1 | 6 |
| NWC days | — | — | — |
| Leverage | |||
| Current ratio | — | — | — |
| Debt to EBITDA | 1.59 | 1.97 | 1.79 |
| Debt to equity | 1.1 | 1.23 | 0.97 |
| Interest coverage | 5.2 | 4.7 | 4.9 |
| Asset turnover | 2.16 | 1.69 | 1.47 |
| Return ratios | |||
| Return on assets % | 10.8% | 12.9% | 11.7% |
| Return on capital employed % | 22.8% | 26.2% | 22.8% |
| Return on equity % | 31.9% | 37% | 32.2% |
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.