BHAT Bhanero Textile Mills Limited

Bhanero Textile Mills Limited (BHAT) financial ratios

Bhanero Textile Mills Limited earned a net margin of 2.1% in FY2026 against a five-year average of 5.3% (Textile Composite median 1.5%). Return on equity was 6.2%, compared with a sector median of 3.8%. The current ratio stood at 1.88× and debt was 72.9% of equity. Cash took about 139 days to cycle through receivables, inventory and payables.

FY2026 vs the Textile Composite median

Gross margin: 8.8%; Sector median 11.7%
Operating margin: 6.4%; Sector median 5.0%
Net margin: 2.1%; Sector median 1.5%
Return on equity (ROE): 6.2%; Sector median 3.8%
Return on assets (ROA): 2.7%; Sector median 1.3%
Current ratio: 1.88×; Sector median 1.21×
Debt to equity: 72.9%; Sector median 72.9%
Asset turnover: 1.32×; 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.

BHAT 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	FY2010 * Jul 2009 – Jun 2010	FY2009 * Jul 2008 – Jun 2009	FY2008 * Jul 2007 – Jun 2008	FY2007 * Jul 2006 – Jun 2007
Profitability
Gross margin	8.8%	7.9%	9.2%	16.1%	23.6%	22.5%	9.2%	13.8%	10.8%	11.0%	10.3%	8.7%	12.0%	15.7%	12.7%	19.6%	18.8%	13.1%	11.7%	13.5%
EBITDA margin	9.1%	7.7%	8.8%	16.1%	22.3%	21.1%	12.0%	17.0%	12.0%	9.4%	8.8%	7.5%	9.2%	12.8%	10.3%	17.3%	16.9%	15.0%	14.2%	16.7%
Operating margin	6.4%	5.1%	6.2%	13.6%	20.4%	19.0%	8.8%	14.4%	9.2%	6.7%	5.9%	4.8%	7.4%	10.7%	8.0%	15.3%	13.5%	10.3%	9.0%	11.0%
Pre-tax margin	2.3%	0.3%	(0.6%)	8.3%	18.5%	17.8%	5.1%	10.2%	6.7%	5.4%	4.8%	3.2%	5.8%	9.0%	5.7%	12.4%	8.7%	2.6%	2.8%	5.3%
Net margin	2.1%	0.3%	(0.4%)	8.5%	16.0%	15.2%	3.7%	8.9%	6.0%	4.0%	3.3%	2.8%	5.1%	8.5%	4.8%	11.4%	7.8%	2.1%	1.8%	3.5%
Effective tax rate	8.1%	(2.1%)	—	(2.4%)	13.4%	14.4%	27.7%	13.0%	11.1%	25.3%	31.4%	12.4%	13.2%	5.5%	16.3%	7.5%	10.2%	18.8%	36.1%	33.3%
Returns
Return on equity (ROE)	6.2%	1.0%	(1.2%)	15.5%	34.3%	31.7%	6.7%	18.1%	11.8%	7.3%	6.2%	6.2%	13.1%	22.1%	13.3%	47.9%	31.6%	8.5%	7.2%	15.6%
Return on assets (ROA)	2.7%	0.4%	(0.5%)	7.6%	22.0%	20.2%	3.8%	11.1%	7.7%	5.2%	4.7%	4.1%	8.4%	14.8%	8.3%	24.7%	11.9%	2.5%	1.9%	3.8%
Return on invested capital (ROIC)	6.9%	5.3%	—	12.9%	27.4%	24.3%	6.0%	15.1%	10.4%	7.2%	6.3%	6.7%	11.8%	20.2%	13.0%	35.1%	21.5%	2.8%	12.4%	9.1%
Liquidity
Current ratio	1.88×	1.50×	1.54×	1.65×	4.31×	5.89×	2.54×	2.73×	3.48×	2.91×	5.52×	5.22×	2.43×	2.17×	1.89×	1.54×	1.07×	1.02×	0.95×	0.93×
Quick ratio	0.85×	0.48×	0.48×	0.43×	1.72×	3.33×	0.73×	0.79×	1.26×	0.77×	1.85×	2.05×	0.65×	0.49×	0.52×	0.42×	0.37×	0.39×	0.32×	0.35×
Leverage
Debt to equity	72.9%	107.5%	109.8%	104.4%	34.7%	19.1%	54.5%	45.9%	27.8%	30.4%	11.7%	19.0%	43.3%	28.2%	29.1%	49.6%	95.7%	173.7%	227.6%	256.1%
Debt to capital	42.2%	51.8%	52.3%	51.1%	25.8%	16.0%	35.3%	31.5%	21.8%	23.3%	10.5%	15.9%	30.2%	22.0%	22.5%	33.1%	48.9%	63.5%	69.5%	71.9%
Debt to assets	35.3%	43.8%	44.7%	44.2%	20.8%	13.6%	30.5%	26.8%	17.9%	20.1%	9.1%	13.8%	26.8%	18.8%	19.4%	28.8%	42.1%	54.6%	61.2%	64.1%
Assets to equity	2.25×	2.46×	2.41×	2.05×	1.56×	1.56×	1.75×	1.64×	1.54×	1.41×	1.33×	1.49×	1.56×	1.50×	1.61×	1.94×	2.65×	3.44×	3.85×	4.09×
Efficiency
Asset turnover	1.32×	1.23×	1.25×	0.89×	1.38×	1.33×	1.04×	1.24×	1.29×	1.29×	1.41×	1.46×	1.66×	1.74×	1.72×	2.16×	1.52×	1.16×	1.05×	1.08×
Receivable days days	49	46	43	62	46	44	45	40	41	39	37	33	26	25	27	23	34	44	44	35
Inventory days days	123	147	150	209	111	133	175	139	132	138	104	104	114	112	99	78	86	103	109	89
Payable days days	33	34	27	43	34	29	31	34	33	28	25	18	13	15	13	10	12	13	14	22
Cash conversion cycle days	139	160	166	228	123	148	190	144	139	148	116	119	127	122	114	90	108	134	139	102
Dividends
Dividend payout ratio	0.0%	0.0%	—	13.6%	7.8%	0.0%	96.4%	23.2%	22.9%	10.9%	13.6%	28.9%	14.7%	10.1%	29.4%	10.4%	15.9%	7.4%	9.4%	6.1%
Earnings retention rate	1.00×	1.00×	—	0.86×	0.92×	1.00×	0.04×	0.77×	0.77×	0.89×	0.86×	0.71×	0.85×	0.90×	0.71×	0.90×	0.84×	0.93×	0.91×	0.94×

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.

BHAT: frequently asked questions

What is BHAT's EPS?

Bhanero Textile Mills Limited reported basic earnings per share of Rs 230.28 for FY2026 (Jul 2025 – Jun 2026).

What is BHAT's P/E ratio?

At the closing price of Rs 801.86 on 16 Oct 2026, BHAT trades at a P/E of 3.5× based on EPS of Rs 230.28 (FY2026).

Does BHAT pay dividends?

Bhanero Textile Mills Limited did not declare a cash dividend for FY2026.

What was BHAT's revenue and profit in FY2026?

Bhanero Textile Mills Limited reported revenue of Rs 33.7 bn and profit attributable to shareholders of Rs 700.3 mn for FY2026 (Jul 2025 – Jun 2026).

What is BHAT's book value per share?

Bhanero Textile Mills Limited's book value per share was Rs 3,837.90 at the end of FY2026. The shares trade at 0.21× book value.

Information only, not investment advice.