Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 5.1% | 34.8% | 39.4% | 35.9% |
| EBIT margin % | -3.8% | 24.2% | 26.9% | 26.9% |
| PAT margin % | 26% | 17.9% | 22.1% | 23.1% |
| Working capital | ||||
| Receivable days | 73 | 52 | 58 | 55 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 55 | 51 | 40 | 31 |
| NWC days | 18 | 1 | 18 | 24 |
| Leverage | ||||
| Current ratio | 2.88 | 3.8 | 2.18 | 2.99 |
| Debt to EBITDA | 0 | 0 | 0.17 | 0 |
| Debt to equity | 0 | 0 | 0.04 | 0 |
| Interest coverage | 58.5 | 302.6 | 13.3 | 11.5 |
| Asset turnover | 0.32 | 0.43 | 0.45 | 0.41 |
| Return ratios | ||||
| Return on assets % | 8.4% | 7.7% | 10% | 9.4% |
| Return on capital employed % | 11.4% | 25.1% | 20.4% | 20% |
| Return on equity % | 9.9% | 9% | 14.5% | 10.6% |
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.