Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 34.3% | 29.8% | 29.4% |
| EBIT margin % | 10.4% | 24% | 25% |
| PAT margin % | 4.9% | 15.8% | 17.8% |
| Working capital | |||
| Receivable days | 204 | 189 | 94 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 41 | 22 | 20 |
| NWC days | 162 | 167 | 74 |
| Leverage | |||
| Current ratio | 1.82 | 2.14 | 1.27 |
| Debt to EBITDA | 2.09 | 2.02 | 1.36 |
| Debt to equity | 0.12 | 0.1 | 0.08 |
| Interest coverage | 1.5 | 5 | 7.7 |
| Asset turnover | 0.15 | 0.15 | 0.17 |
| Return ratios | |||
| Return on assets % | 0.7% | 2.4% | 3% |
| Return on capital employed % | 1.8% | 4.5% | 5.2% |
| Return on equity % | 0.8% | 2.7% | 3.4% |
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.