BIFO Biafo Industries Limited

Biafo Industries Limited (BIFO) financial ratios

Biafo Industries Limited earned a net margin of 12.2% in FY2026 against a five-year average of 15.0% (Chemical median 4.7%). Return on equity was 11.9%, compared with a sector median of 12.2%. The current ratio stood at 3.29× and debt was 4.4% of equity. Cash took about 134 days to cycle through receivables, inventory and payables.

FY2026 vs the Chemical median

Gross margin: 36.3%; Sector median 18.7%
Operating margin: 22.2%; Sector median 11.8%
Net margin: 12.2%; Sector median 4.7%
Return on equity (ROE): 11.9%; Sector median 12.2%
Return on assets (ROA): 9.4%; Sector median 7.1%
Current ratio: 3.29×; Sector median 1.46×
Debt to equity: 4.4%; Sector median 45.9%
Asset turnover: 0.77×; Sector median 1.05×
Dividend payout ratio: 71.6%; Sector median 19.3%

Median of the 25 companies in the sector with the figure for their latest fiscal year.

BIFO 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	36.3%	35.7%	42.2%	43.6%	34.9%	38.3%	35.5%	43.2%	50.2%	46.5%	46.7%	44.3%	42.5%	35.6%	31.1%	33.1%	32.5%	31.8%	32.6%	36.8%
EBITDA margin	24.7%	25.9%	32.6%	32.1%	23.5%	27.3%	22.2%	35.4%	39.6%	37.6%	38.8%	39.0%	36.7%	31.1%	25.7%	28.4%	27.6%	28.4%	30.5%	32.3%
Operating margin	22.2%	23.1%	28.8%	29.8%	21.3%	25.4%	20.5%	33.9%	38.2%	35.9%	37.4%	37.9%	35.4%	29.8%	23.9%	26.4%	24.5%	25.0%	25.5%	26.1%
Pre-tax margin	18.7%	22.7%	13.7%	31.0%	21.1%	22.3%	19.2%	32.7%	39.3%	33.9%	36.0%	36.3%	34.1%	28.9%	24.9%	27.2%	25.2%	25.6%	24.6%	25.4%
Net margin	12.2%	13.4%	12.3%	22.4%	14.9%	17.2%	15.5%	25.5%	31.5%	26.7%	27.5%	28.0%	25.2%	22.3%	17.5%	20.4%	12.9%	19.7%	17.6%	22.6%
Effective tax rate	35.0%	40.8%	10.6%	27.6%	29.6%	22.7%	19.3%	21.8%	19.7%	21.3%	23.5%	22.9%	26.1%	22.9%	29.7%	25.0%	48.7%	23.1%	28.6%	11.1%
Returns
Return on equity (ROE)	11.9%	12.7%	10.1%	23.1%	12.8%	16.8%	17.1%	30.4%	56.8%	34.9%	43.3%	50.6%	53.1%	52.6%	32.6%	36.4%	16.7%	27.5%	—	—
Return on assets (ROA)	9.4%	9.7%	7.7%	15.7%	8.1%	10.7%	10.9%	18.5%	35.1%	22.2%	28.0%	32.5%	32.7%	34.7%	23.6%	28.2%	13.8%	22.7%	—	—
Return on invested capital (ROIC)	11.6%	11.8%	10.9%	19.8%	11.0%	13.4%	15.1%	23.2%	42.2%	27.9%	35.8%	42.0%	42.4%	46.1%	30.7%	35.4%	17.0%	28.5%	—	—
Liquidity
Current ratio	3.29×	1.96×	2.68×	2.01×	1.56×	1.58×	1.67×	1.47×	1.70×	1.79×	1.77×	1.90×	2.02×	2.15×	2.67×	2.91×	4.27×	5.09×	3.90×	—
Quick ratio	2.10×	1.21×	1.37×	1.21×	1.03×	0.95×	1.12×	1.06×	1.40×	1.48×	1.42×	1.59×	1.57×	1.68×	2.09×	2.04×	2.71×	3.54×	2.65×	—
Leverage
Debt to equity	4.4%	17.0%	10.2%	19.4%	35.1%	40.6%	34.5%	42.3%	43.6%	33.1%	30.9%	19.9%	33.5%	25.9%	8.7%	8.5%	0.0%	0.6%	1.7%	—
Debt to capital	4.3%	14.5%	9.2%	16.2%	26.0%	28.9%	25.6%	29.7%	30.4%	24.9%	23.6%	16.6%	25.1%	20.6%	8.0%	7.8%	0.0%	0.6%	1.7%	—
Debt to assets	3.8%	12.4%	8.3%	13.9%	22.5%	25.1%	22.6%	26.2%	26.1%	21.2%	19.4%	13.3%	20.4%	16.1%	6.1%	6.3%	0.0%	0.5%	1.4%	—
Assets to equity	1.27×	1.30×	1.31×	1.47×	1.58×	1.57×	1.57×	1.64×	1.62×	1.57×	1.54×	1.56×	1.63×	1.52×	1.38×	1.29×	1.21×	1.21×	—	—
Efficiency
Asset turnover	0.77×	0.73×	0.63×	0.70×	0.54×	0.62×	0.70×	0.73×	1.11×	0.83×	1.02×	1.16×	1.30×	1.56×	1.34×	1.38×	1.07×	1.15×	—	—
Receivable days days	75	65	72	77	87	88	76	84	61	67	61	60	58	44	44	30	32	42	—	—
Inventory days days	128	146	180	149	178	180	128	118	72	93	74	70	78	54	63	74	86	65	—	—
Payable days days	68	66	68	80	100	87	66	79	73	110	107	91	75	50	37	28	27	21	—	—
Cash conversion cycle days	134	146	184	146	164	180	137	122	61	50	28	40	60	48	70	76	92	86	—	—
Dividends
Dividend payout ratio	71.6%	45.3%	83.3%	35.1%	34.0%	74.1%	70.9%	100.3%	90.9%	103.6%	97.9%	82.8%	78.5%	87.3%	87.6%	87.4%	118.2%	69.9%	79.4%	—
Earnings retention rate	0.28×	0.55×	0.17×	0.65×	0.66×	0.26×	0.29×	(0.00×)	0.09×	(0.04×)	0.02×	0.17×	0.22×	0.13×	0.12×	0.13×	(0.18×)	0.30×	0.21×	—

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.

BIFO: frequently asked questions

What is BIFO's EPS?

Biafo Industries Limited reported basic earnings per share of Rs 8.39 for FY2026 (Jul 2025 – Jun 2026).

What is BIFO's P/E ratio?

At the closing price of Rs 106.09 on 16 Oct 2026, BIFO trades at a P/E of 12.7× based on EPS of Rs 8.39 (FY2026).

Does BIFO pay dividends?

Yes. Biafo Industries Limited declared a dividend of Rs 5.00 per share for FY2026. It has paid a dividend in each of the last 20 years. At Rs 106.09 that is a dividend yield of 4.7%.

What was BIFO's revenue and profit in FY2026?

Biafo Industries Limited reported revenue of Rs 3.2 bn and profit attributable to shareholders of Rs 388.9 mn for FY2026 (Jul 2025 – Jun 2026).

What is BIFO's book value per share?

Biafo Industries Limited's book value per share was Rs 72.00 at the end of FY2026. The shares trade at 1.47× book value.

Information only, not investment advice.