Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 14.8% | — | — |
| EBITDA margin % | 8.7% | 7% | 4.7% |
| EBIT margin % | 7.4% | 5.6% | 3.1% |
| PAT margin % | 4.8% | 3.8% | 2.1% |
| Working capital | |||
| Receivable days | 114 | 131 | 139 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 18 | 18 | 17 |
| NWC days | 96 | 113 | 121 |
| Leverage | |||
| Current ratio | 1.91 | 3.6 | 2.6 |
| Debt to EBITDA | 1.82 | 1.43 | 2.56 |
| Debt to equity | 0.67 | 0.21 | 0.25 |
| Interest coverage | 5.9 | 5.1 | 3.9 |
| Asset turnover | 2.24 | 1.56 | 1.52 |
| Return ratios | |||
| Return on assets % | 10.7% | 5.9% | 3.2% |
| Return on capital employed % | 30.4% | 17% | 8.2% |
| Return on equity % | 20.2% | 7.9% | 4.5% |
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.