ANL Azgard Nine Limited

Azgard Nine Limited (ANL) financial ratios

Azgard Nine Limited earned a net margin of 2.0% in FY2026 against a five-year average of 2.7% (Textile Composite median 1.5%). Return on equity was 5.7%, compared with a sector median of 3.8%. The current ratio stood at 1.63× and debt was 57.7% of equity. Cash took about 87 days to cycle through receivables, inventory and payables.

FY2026 vs the Textile Composite median

Gross margin: 11.8%; Sector median 11.7%
Operating margin: 6.2%; Sector median 5.0%
Net margin: 2.0%; Sector median 1.5%
Return on equity (ROE): 5.7%; Sector median 3.8%
Return on assets (ROA): 2.8%; Sector median 1.3%
Current ratio: 1.63×; Sector median 1.21×
Debt to equity: 57.7%; Sector median 72.9%
Asset turnover: 1.38×; Sector median 0.78×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 44 companies in the sector with the figure for their latest fiscal year.

ANL financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 * Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 * Jul 2015 – Jun 2016	FY2015 * Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 * Jul 2011 – Jun 2012	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 * Jan – Dec 2007
Profitability
Gross margin	11.8%	12.2%	12.4%	16.1%	13.8%	14.4%	14.6%	17.3%	16.2%	14.7%	11.0%	9.7%	6.9%	4.8%	(9.1%)	31.6%	34.5%	37.1%
EBITDA margin	8.5%	9.2%	8.9%	11.8%	7.5%	9.0%	8.3%	12.5%	11.7%	10.8%	8.1%	5.6%	3.5%	(2.2%)	(1.4%)	27.8%	34.0%	36.4%
Operating margin	6.2%	7.1%	6.7%	9.2%	6.4%	7.3%	6.1%	10.2%	8.8%	7.3%	4.6%	1.1%	(0.2%)	(5.8%)	(12.8%)	23.8%	29.2%	30.3%
Pre-tax margin	2.3%	2.3%	1.9%	6.1%	4.5%	35.2%	(1.3%)	2.5%	1.9%	(0.3%)	(5.2%)	(26.4%)	(15.0%)	(20.4%)	(52.0%)	5.2%	8.3%	15.6%
Net margin	2.0%	1.7%	1.8%	4.7%	3.1%	34.3%	(2.3%)	1.5%	1.2%	(1.0%)	(6.2%)	(27.4%)	(16.0%)	(21.4%)	(53.0%)	5.8%	7.1%	11.8%
Effective tax rate	11.1%	25.7%	4.3%	23.2%	30.0%	2.8%	—	39.1%	34.3%	—	—	—	—	—	—	(12.8%)	14.2%	24.2%
Returns
Return on equity (ROE)	5.7%	4.9%	5.0%	13.1%	12.4%	165.9%	(35.7%)	40.9%	59.9%	(46.0%)	(150.5%)	(125.3%)	(50.8%)	(52.1%)	—	0.0%	14.7%	17.0%
Return on assets (ROA)	2.8%	2.4%	2.5%	5.7%	4.4%	33.1%	(1.7%)	1.4%	1.0%	(0.7%)	(4.4%)	(14.9%)	(10.2%)	(7.1%)	—	2.9%	3.5%	4.5%
Return on invested capital (ROIC)	4.7%	4.8%	5.7%	8.5%	6.3%	48.8%	—	6.4%	5.6%	—	—	—	—	—	—	15.7%	15.4%	11.1%
Liquidity
Current ratio	1.63×	1.88×	1.92×	2.02×	1.79×	2.53×	0.44×	0.42×	0.34×	0.30×	0.29×	0.36×	0.48×	0.68×	0.98×	0.64×	0.88×	1.05×
Quick ratio	1.05×	1.14×	0.96×	1.36×	1.13×	1.44×	0.29×	0.29×	0.20×	0.19×	0.18×	0.21×	0.34×	0.44×	0.92×	0.32×	0.42×	0.68×
Leverage
Debt to equity	57.7%	54.0%	56.1%	56.4%	123.5%	141.7%	1,179.9%	1,300.0%	2,922.6%	5,491.0%	3,539.3%	1,693.3%	311.2%	273.4%	185.2%	212.1%	270.4%	196.9%
Debt to capital	36.6%	35.1%	35.9%	36.1%	55.3%	58.6%	92.2%	92.9%	96.7%	98.2%	97.3%	94.4%	75.7%	73.2%	64.9%	68.0%	73.0%	66.3%
Debt to assets	28.0%	27.3%	27.2%	28.9%	43.7%	50.1%	57.5%	60.9%	63.1%	66.9%	68.4%	66.6%	59.2%	57.6%	29.1%	57.3%	58.9%	55.9%
Assets to equity	2.02×	2.02×	2.01×	2.31×	2.83×	5.00×	20.91×	28.52×	58.75×	63.66×	34.01×	8.39×	4.99×	5.88×	—	4.04×	4.07×	3.61×
Efficiency
Asset turnover	1.38×	1.41×	1.34×	1.22×	1.40×	0.97×	0.74×	0.95×	0.83×	0.69×	0.72×	0.54×	0.64×	0.33×	—	0.51×	0.50×	0.38×
Receivable days days	58	52	61	65	41	44	62	41	30	35	36	65	73	84	—	93	89	88
Inventory days days	63	79	79	74	65	78	79	60	63	65	62	71	61	77	—	154	153	147
Payable days days	34	28	34	43	33	31	41	39	46	48	51	72	62	76	—	94	97	76
Cash conversion cycle days	87	102	105	96	73	91	100	62	46	52	46	64	72	85	—	153	144	159
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	—	—	—	—	—	—	0.0%	0.0%	24.6%
Earnings retention rate	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	—	1.00×	1.00×	—	—	—	—	—	—	1.00×	1.00×	0.75×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

ANL: frequently asked questions

What is ANL's EPS?

Azgard Nine Limited reported basic earnings per share of Rs 1.77 for FY2026 (Jul 2025 – Jun 2026).

What is ANL's P/E ratio?

At the closing price of Rs 8.60 on 16 Oct 2026, ANL trades at a P/E of 4.9× based on EPS of Rs 1.77 (FY2026).

Does ANL pay dividends?

Azgard Nine Limited did not declare a cash dividend for FY2026.

What was ANL's revenue and profit in FY2026?

Azgard Nine Limited reported revenue of Rs 42.5 bn and profit attributable to shareholders of Rs 869.9 mn for FY2026 (Jul 2025 – Jun 2026).

What is ANL's book value per share?

Azgard Nine Limited's book value per share was Rs 31.82 at the end of FY2026. The shares trade at 0.27× book value.

Information only, not investment advice.