Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 69.1% | 60.2% | ||
| 55.5% |
| 55.5% |
| EBIT margin % | 68.2% | 59.4% | 54.8% | 54.9% |
| PAT margin % | 18% | 15.3% | 15% | 16.3% |
| Working capital | ||||
| Receivable days | 6 | 3 | — | — |
| Inventory days | — | — | 0 | 0 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | 8.13 | 8.22 | 7.72 | 8.34 |
| Debt to equity | 3.81 | 4.17 | 2.87 | 3.13 |
| Interest coverage | 1.5 | 1.5 | 1.5 | 1.6 |
| Asset turnover | 0.14 | 0.16 | 0.17 | 0.16 |
| Return ratios | ||||
| Return on assets % | 2.4% | 2.4% | 2.5% | 2.6% |
| Return on capital employed % | — | — | — | — |
| Return on equity % | 12.2% | 12.9% | 10% | 11% |
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.