Standalone figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 23.8% | 37.1% | 21.6% |
| EBITDA margin % | 13.6% | 20.3% | 11.8% |
| EBIT margin % | 13.5% | 20.2% | 11.7% |
| PAT margin % | 9.7% | 16% | 11% |
| Working capital | |||
| Receivable days | 22 | 96 | 84 |
| Inventory days | 2 | 2 | 1 |
| Payable days | 12 | 66 | 146 |
| NWC days | 12 | 32 | -60 |
| Leverage | |||
| Current ratio | 2.2 | 1.98 | 2.17 |
| Debt to EBITDA | 0.9 | 0.43 | 0.85 |
| Debt to equity | 0.91 | 0.15 | 0.14 |
| Interest coverage | 10.7 | 23.2 | 14.1 |
| Asset turnover | 3.38 | 1.04 | 0.81 |
| Return ratios | |||
| Return on assets % | 32.8% | 16.7% | 9% |
| Return on capital employed % | 86.9% | 61.8% | 32.5% |
| Return on equity % | 72.7% | 28% | 15.4% |
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.