Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | — | 7.8% | 11.4% | 15.4% |
| EBIT margin % | — | 7.6% | 11.3% | 15.1% |
| PAT margin % | — | 4.1% | 8.7% | 10.4% |
| Working capital | ||||
| Receivable days | — | 537 | 462 | 243 |
| Inventory days | — | 0 | 0 | 0 |
| Payable days | — | 195 | 196 | 194 |
| NWC days | — | 342 | 265 | 49 |
| Leverage | ||||
| Current ratio | — | 1.94 | 2.01 | 1.69 |
| Debt to EBITDA | — | 5.07 | 1.62 | 1.07 |
| Debt to equity | 0 | 0.3 | 0.16 | 0.27 |
| Interest coverage | — | 3.6 | 4.3 | 5.4 |
| Asset turnover | 0 | 0.41 | 0.5 | 0.73 |
| Return ratios | ||||
| Return on assets % | 0% | 1.7% | 4.4% | 7.6% |
| Return on capital employed % | 0% | 15.7% | 13.2% | 28.4% |
| Return on equity % | 0% | 3.1% | 7.7% | 17% |
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.