Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 65.9% | 66.7% | 68.5% | 69.1% |
| EBIT margin % | 64.2% | 65.3% | 67.2% | 67.9% |
| PAT margin % | 20.4% | 23.3% | 26.5% | 26.9% |
| Working capital | ||||
| Receivable days | 5 | — | — | — |
| Inventory days | — | 0 | 0 | 0 |
| Payable days | 19 | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | — | — | — | — |
| Debt to EBITDA | 7.74 | 5.89 | 5.89 | 6.17 |
| Debt to equity | 2.16 | 1.44 | 1.65 | 1.92 |
| Interest coverage | 1.7 | 1.9 | 2.1 | 2.1 |
| Asset turnover | 0.13 | 0.14 | 0.15 | 0.15 |
| Return ratios | ||||
| Return on assets % | 2.6% | 3.4% | 4% | 4.1% |
| Return on capital employed % | — | — | — | — |
| Return on equity % | 8.7% | 8.5% | 10.8% | 12.1% |
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.