Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 22.9% | 23.3% | 24.5% |
| EBIT margin % | 8.4% | 14.9% | 17.7% |
| PAT margin % | 4.8% | 9.7% | 12.9% |
| Working capital | |||
| Receivable days | 91 | 83 | 93 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 26 | 18 | 15 |
| NWC days | 65 | 65 | 78 |
| Leverage | |||
| Current ratio | 1.18 | 1.67 | 1.55 |
| Debt to EBITDA | 1.78 | 1.08 | 0.63 |
| Debt to equity | 0.3 | 0.17 | 0.11 |
| Interest coverage | 2.3 | 7 | 13.8 |
| Asset turnover | 0.45 | 0.5 | 0.57 |
| Return ratios | |||
| Return on assets % | 2.1% | 4.9% | 7.3% |
| Return on capital employed % | 4.6% | 9.3% | 13.3% |
| Return on equity % | 3.5% | 6.5% | 9.6% |
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.