Standalone figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | 98.6% |
| EBITDA margin % | 7.8% | 7.6% | 7.6% | 5.7% | 5.7% |
| EBIT margin % | 7.5% | 7.3% | 7.4% | 5.4% | 5.5% |
| PAT margin % | 4.2% | 4.4% | 4.4% | 4.1% | -1.2% |
| Working capital | |||||
| Receivable days | 134 | 109 | 107 | 123 | — |
| Inventory days | — | — | — | 2 | 0 |
| Payable days | — | — | — | — | — |
| NWC days | — | — | — | — | — |
| Leverage | |||||
| Current ratio | 2.09 | 2.5 | 2.4 | 2.3 | 2.79 |
| Debt to EBITDA | 3.21 | 2.86 | 2.59 | 3.96 | — |
| Debt to equity | 0.7 | 0.6 | 0.55 | 0.55 | — |
| Interest coverage | 4 | 3.6 | 3.5 | 3.2 | 3.2 |
| Asset turnover | 1.46 | 1.64 | 1.68 | 1.47 | 1.38 |
| Return ratios | |||||
| Return on assets % | 6.1% | 7.2% | 7.4% | 6% | -1.7% |
| Return on capital employed % | 18.8% | 19.8% | 21.1% | 15.3% | 13.6% |
| Return on equity % | 11.6% | 12.3% | 12.4% | 10% | — |
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.