Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 3.1% | 3.6% | 3% | 3.9% |
| EBITDA margin % | 0.6% | 1.6% | 1.8% | 2.6% |
| EBIT margin % | 0.6% | 1.4% | 1.7% | 2.3% |
| PAT margin % | 0.5% | 0.5% | 0.8% | 0.6% |
| Working capital | ||||
| Receivable days | 50 | 57 | 0 | 74 |
| Inventory days | 1 | 1 | 1 | 0 |
| Payable days | 16 | 14 | 19 | 15 |
| NWC days | 34 | 44 | -18 | 59 |
| Leverage | ||||
| Current ratio | 1.62 | 1.28 | 1.39 | 1.23 |
| Debt to EBITDA | 9.34 | 6.66 | 6.97 | 8.36 |
| Debt to equity | 0.74 | 1.66 | 0.82 | 1.19 |
| Interest coverage | 3.6 | 2 | 2.2 | 1.5 |
| Asset turnover | 5.47 | 4.62 | 2.97 | 2.21 |
| Return ratios | ||||
| Return on assets % | 2.6% | 2.1% | 2.4% | 1.3% |
| Return on capital employed % | 11.9% | 25.6% | 18.8% | 15.8% |
| Return on equity % | 6.3% | 7.1% | 5.3% | 3.3% |
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.