Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | -1.7% | 38.2% | 57.8% | 58.8% |
| EBIT margin % | -1.7% | 27% | 56.6% | 57.4% |
| PAT margin % | 1.8% | 15% | 44.1% | 47.8% |
| Working capital | ||||
| Receivable days | 61 | — | — | — |
| Inventory days | — | 0 | 0 | 0 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | — | 2.38 | 0.97 | 1.59 |
| Debt to equity | 0.19 | 0.34 | 0.39 | 0.53 |
| Interest coverage | 1.2 | 2.6 | 6.9 | 7.4 |
| Asset turnover | 0.16 | 0.14 | 0.19 | 0.33 |
| Return ratios | ||||
| Return on assets % | 0.3% | 2.2% | 8.2% | 15.8% |
| Return on capital employed % | — | — | — | — |
| Return on equity % | 0.4% | 5.7% | 30.9% | 27.2% |
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.