Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 91.6% | 96.8% | 97.9% |
| EBITDA margin % | 11.7% | 12% | 10.2% |
| EBIT margin % | 4.8% | 8% | 7% |
| PAT margin % | 3.4% | 7.2% | 6% |
| Working capital | |||
| Receivable days | 114 | 69 | 134 |
| Inventory days | 12 | 0 | 0 |
| Payable days | 10 | 459 | 4,343 |
| NWC days | 115 | -389 | -4,209 |
| Leverage | |||
| Current ratio | 1.71 | 2.38 | 1.62 |
| Debt to EBITDA | 1.31 | 0 | 0.6 |
| Debt to equity | 0.17 | 0 | 0.09 |
| Interest coverage | 2.9 | 5.5 | 9.6 |
| Asset turnover | 0.77 | 1.05 | 0.79 |
| Return ratios | |||
| Return on assets % | 2.6% | 7.5% | 4.7% |
| Return on capital employed % | 5.7% | 12.3% | 10.9% |
| Return on equity % | 3.7% | 10.2% | 8.6% |
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.