ASL Aisha Steel Mills Limited

Aisha Steel Mills Limited (ASL) financial ratios

Aisha Steel Mills Limited earned a net margin of 1.8% in FY2026 against a five-year average of -2.2% (Engineering median 3.2%). Return on equity was 4.0%, compared with a sector median of 5.0%. The current ratio stood at 1.13× and debt was 60.0% of equity. Cash took about 121 days to cycle through receivables, inventory and payables.

FY2026 vs the Engineering median

Gross margin: 10.9%; Sector median 6.3%
Operating margin: 6.6%; Sector median 6.5%
Net margin: 1.8%; Sector median 3.2%
Return on equity (ROE): 4.0%; Sector median 5.0%
Return on assets (ROA): 2.2%; Sector median 2.3%
Current ratio: 1.13×; Sector median 1.36×
Debt to equity: 60.0%; Sector median 19.2%
Asset turnover: 1.20×; Sector median 0.51×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 15 companies in the sector with the figure for their latest fiscal year.

ASL 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	FY2011 Jul 2010 – Jun 2011
Profitability
Gross margin	10.9%	4.9%	9.0%	6.5%	8.5%	20.3%	7.9%	8.3%	17.5%	14.8%	10.2%	0.4%	0.5%	(1.8%)	—	—
EBITDA margin	8.3%	6.2%	8.9%	(1.0%)	7.1%	19.0%	9.5%	9.7%	18.1%	15.8%	12.4%	2.6%	2.5%	0.4%	—	—
Operating margin	6.6%	3.4%	6.7%	(4.0%)	5.4%	17.6%	6.8%	7.1%	15.8%	13.0%	8.6%	(1.2%)	(1.2%)	(5.5%)	—	—
Pre-tax margin	3.0%	(5.1%)	(1.9%)	(15.6%)	2.0%	15.6%	(4.5%)	(2.0%)	10.1%	6.3%	(2.0%)	(15.7%)	(4.4%)	(25.7%)	—	—
Net margin	1.8%	(4.0%)	(0.3%)	(10.3%)	1.8%	11.6%	(2.1%)	1.3%	6.8%	7.2%	(1.6%)	(12.8%)	(3.7%)	(17.2%)	—	—
Effective tax rate	39.5%	—	—	—	10.1%	25.8%	—	—	33.0%	(15.6%)	—	—	—	—	—	—
Returns
Return on equity (ROE)	4.0%	(8.1%)	(1.6%)	(22.9%)	7.9%	58.1%	(8.5%)	2.4%	17.3%	27.5%	(134.0%)	(124.2%)	(26.4%)	(45.0%)	(13.8%)	—
Return on assets (ROA)	2.2%	(3.4%)	(0.3%)	(7.6%)	2.8%	17.9%	(1.8%)	1.0%	6.7%	6.1%	(1.0%)	(7.7%)	(2.3%)	(5.9%)	(0.9%)	—
Return on invested capital (ROIC)	5.0%	—	—	—	9.5%	26.3%	—	—	10.9%	15.6%	—	—	—	—	—	—
Liquidity
Current ratio	1.13×	0.88×	0.76×	0.85×	0.97×	1.05×	0.78×	0.67×	0.87×	0.97×	0.61×	0.60×	0.64×	0.55×	0.57×	2.06×
Quick ratio	0.41×	0.42×	0.34×	0.36×	0.37×	0.28×	0.28×	0.23×	0.23×	0.38×	0.20×	0.23×	0.21×	0.20×	0.26×	1.91×
Leverage
Debt to equity	60.0%	76.8%	126.6%	112.3%	159.1%	100.2%	239.0%	249.6%	122.9%	115.3%	365.2%	337.8%	350.2%	400.1%	216.4%	178.7%
Debt to capital	37.5%	43.4%	55.9%	52.9%	61.4%	50.1%	70.5%	71.4%	55.1%	53.5%	78.5%	77.2%	77.8%	80.0%	68.4%	64.1%
Debt to assets	29.9%	40.9%	49.0%	46.3%	47.7%	39.7%	56.1%	66.7%	51.1%	42.5%	63.2%	61.9%	54.5%	62.8%	59.3%	60.1%
Assets to equity	1.95×	2.18×	2.50×	2.85×	2.92×	3.15×	3.99×	3.08×	2.54×	3.58×	5.61×	5.92×	6.40×	4.82×	3.32×	—
Efficiency
Asset turnover	1.20×	0.85×	1.09×	0.73×	1.56×	1.55×	0.89×	0.76×	0.98×	0.84×	0.63×	0.60×	0.60×	0.34×	—	—
Receivable days days	56	79	57	91	40	29	44	35	21	27	41	53	55	68	—	—
Inventory days days	101	105	90	162	89	86	106	116	97	104	118	118	119	128	—	—
Payable days days	37	16	24	64	39	45	42	17	56	96	116	141	138	120	—	—
Cash conversion cycle days	121	167	123	189	90	70	108	133	62	34	43	29	35	76	—	—
Dividends
Dividend payout ratio	0.0%	—	—	—	0.1%	0.0%	—	0.0%	0.0%	0.0%	—	—	—	—	—	0.0%
Earnings retention rate	1.00×	—	—	—	1.00×	1.00×	—	1.00×	1.00×	1.00×	—	—	—	—	—	1.00×

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.

ASL: frequently asked questions

What is ASL's EPS?

Aisha Steel Mills Limited reported basic earnings per share of Rs 0.99 for FY2026 (Jul 2025 – Jun 2026).

What is ASL's P/E ratio?

At the closing price of Rs 15.09 on 16 Oct 2026, ASL trades at a P/E of 15.3× based on EPS of Rs 0.99 (FY2026).

Does ASL pay dividends?

Aisha Steel Mills Limited did not declare a cash dividend for FY2026.

What was ASL's revenue and profit in FY2026?

Aisha Steel Mills Limited reported revenue of Rs 54.2 bn and profit attributable to shareholders of Rs 981.1 mn for FY2026 (Jul 2025 – Jun 2026).

What is ASL's book value per share?

Aisha Steel Mills Limited's book value per share was Rs 27.28 at the end of FY2026. The shares trade at 0.55× book value.

Information only, not investment advice.