Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37.3% | 39.9% | 39% | 40.9% |
| EBITDA margin % | 21% | 21.4% | 19.6% | 25.5% |
| EBIT margin % | 16.3% | 17% | 11.4% | 18.5% |
| PAT margin % | 10.7% | 11.4% | 7.5% | 12.2% |
| Working capital | ||||
| Receivable days | 191 | 145 | 144 | 201 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 181 | 166 | 170 | 156 |
| NWC days | 10 | -21 | -26 | 45 |
| Leverage | ||||
| Current ratio | 1.22 | 1.11 | 1.04 | 1.24 |
| Debt to EBITDA | 1.36 | 1.85 | 1.88 | 1.33 |
| Debt to equity | 0.64 | 0.81 | 0.76 | 0.68 |
| Interest coverage | 7.1 | 8.9 | 5.1 | 6.9 |
| Asset turnover | 0.88 | 0.81 | 0.81 | 0.84 |
| Return ratios | ||||
| Return on assets % | 9.4% | 9.2% | 6.1% | 10.2% |
| Return on capital employed % | 31.6% | 32.4% | 19.3% | 32.1% |
| Return on equity % | 24.1% | 23.3% | 15.4% | 24.4% |
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.