Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | — | 99% |
| EBITDA margin % | 34.7% | 26% |
| EBIT margin % | 30.8% | 21.3% |
| PAT margin % | 26.1% | 21% |
| Working capital | ||
| Receivable days | 67 | 195 |
| Inventory days | 0 | 157 |
| Payable days | 53 | 6,753 |
| NWC days | 15 | -6,400 |
| Leverage | ||
| Current ratio | 3.56 | 7.41 |
| Debt to EBITDA | 0.16 | 0.11 |
| Debt to equity | 0.09 | 0.01 |
| Interest coverage | 178.5 | 61.5 |
| Asset turnover | 1.19 | 0.38 |
| Return ratios | ||
| Return on assets % | 31% | 8% |
| Return on capital employed % | 55.3% | 20.1% |
| Return on equity % | 43.6% | 9.3% |
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.