Standalone figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 2.8% | 2.9% | 4.3% | 3.6% |
| EBIT margin % | 1.7% | 1.8% | 3.6% | 2.9% |
| PAT margin % | 2.5% | 2.5% | 5% | 3% |
| Working capital | ||||
| Receivable days | 80 | 92 | 89 | 84 |
| Inventory days | 0 | 0 | 0 | 0 |
| Payable days | 8 | 10 | 9 | 6 |
| NWC days | 72 | 83 | 80 | 78 |
| Leverage | ||||
| Current ratio | 0.83 | 1.58 | 2.07 | 2.37 |
| Debt to EBITDA | 4.79 | 1.22 | 0.66 | 0 |
| Debt to equity | 0.54 | 0.07 | 0.05 | 0 |
| Interest coverage | 4 | 3.9 | 15.1 | 27.2 |
| Asset turnover | 1.43 | 1.16 | 1.28 | 1.4 |
| Return ratios | ||||
| Return on assets % | 3.5% | 2.9% | 6.4% | 4.2% |
| Return on capital employed % | 11% | 8.4% | 9.4% | 7% |
| Return on equity % | 9.9% | 4.7% | 9.3% | 5.8% |
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.