BWHL Baluchistan Wheels Limited

Baluchistan Wheels Limited (BWHL) financial ratios

Baluchistan Wheels Limited earned a net margin of 10.7% in FY2026 against a five-year average of 10.2% (Automobile Parts & Accessories median 3.6%). Return on equity was 13.3%, compared with a sector median of 11.4%. The current ratio stood at 4.30× and debt was 0.5% of equity. Cash took about 127 days to cycle through receivables, inventory and payables.

FY2026 vs the Automobile Parts & Accessories median

Gross margin: 28.5%; Sector median 15.6%
Operating margin: 18.6%; Sector median 9.3%
Net margin: 10.7%; Sector median 3.6%
Return on equity (ROE): 13.3%; Sector median 11.4%
Return on assets (ROA): 11.3%; Sector median 3.9%
Current ratio: 4.30×; Sector median 1.36×
Debt to equity: 0.5%; Sector median 48.2%
Asset turnover: 1.05×; Sector median 1.09×
Dividend payout ratio: 72.5%; Sector median 17.1%

Median of the 10 companies in the sector with the figure for their latest fiscal year.

BWHL 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	28.5%	24.6%	21.5%	19.4%	22.0%	15.4%	12.9%	15.5%	14.3%	19.5%	25.4%	15.1%	17.4%	12.0%	18.1%	17.4%	18.6%	11.1%	20.8%	24.0%
EBITDA margin	20.2%	21.7%	12.1%	15.1%	17.2%	12.4%	8.5%	9.9%	8.4%	13.9%	19.7%	9.0%	11.1%	7.0%	14.7%	13.2%	14.9%	10.4%	17.9%	20.6%
Operating margin	18.6%	19.9%	9.9%	12.4%	15.4%	9.3%	2.9%	6.8%	5.9%	11.4%	17.2%	5.8%	7.6%	3.5%	11.8%	10.2%	11.7%	6.5%	14.8%	18.1%
Pre-tax margin	19.8%	19.8%	16.1%	12.0%	15.3%	9.0%	2.6%	5.9%	5.7%	11.2%	17.2%	8.1%	7.4%	3.1%	10.8%	9.5%	10.7%	4.8%	13.8%	16.9%
Net margin	10.7%	13.7%	11.1%	8.1%	7.5%	6.4%	2.1%	4.5%	4.7%	8.2%	10.4%	7.0%	6.0%	4.8%	6.8%	6.5%	6.1%	3.3%	3.4%	5.5%
Effective tax rate	45.8%	30.9%	31.3%	32.4%	51.0%	28.9%	20.2%	23.9%	18.5%	26.6%	39.4%	13.7%	19.6%	(52.7%)	37.0%	31.4%	43.6%	30.9%	75.1%	67.4%
Returns
Return on equity (ROE)	13.3%	14.2%	11.5%	6.7%	10.5%	6.3%	1.5%	5.6%	7.0%	10.4%	13.5%	9.2%	6.9%	5.9%	11.6%	11.7%	11.2%	5.1%	6.4%	—
Return on assets (ROA)	11.3%	12.2%	9.9%	5.7%	8.8%	5.3%	1.3%	4.9%	6.0%	9.0%	12.1%	8.2%	6.0%	5.0%	9.2%	9.0%	8.5%	3.8%	4.4%	—
Return on invested capital (ROIC)	13.3%	14.2%	11.6%	6.7%	10.3%	6.2%	1.6%	5.9%	7.0%	10.4%	13.5%	9.3%	7.1%	6.6%	12.0%	11.7%	12.4%	8.1%	6.4%	—
Liquidity
Current ratio	4.30×	5.40×	4.37×	5.46×	4.13×	4.61×	7.72×	7.04×	6.31×	5.90×	7.73×	9.11×	8.69×	5.92×	5.29×	3.42×	3.69×	3.73×	3.23×	2.58×
Quick ratio	2.48×	3.26×	2.76×	2.78×	2.50×	3.27×	4.50×	3.05×	2.45×	2.77×	3.84×	3.95×	2.75×	1.74×	1.35×	1.02×	0.90×	1.02×	1.42×	0.98×
Leverage
Debt to equity	0.5%	0.2%	0.7%	1.7%	1.7%	3.5%	4.0%	0.4%	0.8%	0.6%	0.2%	0.5%	0.9%	0.6%	1.0%	9.5%	4.9%	4.9%	9.2%	15.3%
Debt to capital	0.5%	0.2%	0.7%	1.6%	1.7%	3.4%	3.8%	0.4%	0.8%	0.6%	0.2%	0.5%	0.9%	0.6%	1.0%	8.7%	4.7%	4.7%	8.4%	13.3%
Debt to assets	0.4%	0.2%	0.6%	1.4%	1.4%	3.0%	3.4%	0.3%	0.7%	0.5%	0.2%	0.4%	0.8%	0.5%	0.8%	7.3%	3.7%	3.7%	6.6%	9.9%
Assets to equity	1.18×	1.17×	1.17×	1.17×	1.19×	1.18×	1.15×	1.15×	1.16×	1.15×	1.12×	1.12×	1.16×	1.19×	1.26×	1.31×	1.32×	1.36×	1.47×	—
Efficiency
Asset turnover	1.05×	0.89×	0.89×	0.70×	1.18×	0.83×	0.61×	1.08×	1.29×	1.10×	1.16×	1.17×	1.00×	1.03×	1.36×	1.38×	1.41×	1.13×	1.27×	—
Receivable days days	50	49	38	52	43	69	106	72	53	39	29	34	49	48	37	37	33	41	43	—
Inventory days days	129	134	137	172	81	115	237	159	132	162	169	163	211	197	155	144	138	137	134	—
Payable days days	52	63	53	50	36	49	56	35	35	44	34	26	38	36	15	8	12	11	19	—
Cash conversion cycle days	127	121	122	173	89	135	287	195	150	156	163	171	221	209	177	173	159	167	158	—
Dividends
Dividend payout ratio	72.5%	38.0%	74.8%	90.4%	62.4%	19.9%	141.0%	55.9%	60.8%	52.8%	26.1%	31.3%	29.2%	35.8%	19.5%	28.1%	39.8%	54.6%	39.3%	41.7%
Earnings retention rate	0.27×	0.62×	0.25×	0.10×	0.38×	0.80×	(0.41×)	0.44×	0.39×	0.47×	0.74×	0.69×	0.71×	0.64×	0.81×	0.72×	0.60×	0.45×	0.61×	0.58×

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.

BWHL: frequently asked questions

What is BWHL's EPS?

Baluchistan Wheels Limited reported basic earnings per share of Rs 23.44 for FY2026 (Jul 2025 – Jun 2026).

What is BWHL's P/E ratio?

At the closing price of Rs 223.50 on 16 Oct 2026, BWHL trades at a P/E of 9.5× based on EPS of Rs 23.44 (FY2026).

Does BWHL pay dividends?

Yes. Baluchistan Wheels Limited declared a dividend of Rs 20.00 per share for FY2026. It has paid a dividend in each of the last 20 years. At Rs 223.50 that is a dividend yield of 8.9%.

What was BWHL's revenue and profit in FY2026?

Baluchistan Wheels Limited reported revenue of Rs 2.9 bn and profit attributable to shareholders of Rs 312.6 mn for FY2026 (Jul 2025 – Jun 2026).

What is BWHL's book value per share?

Baluchistan Wheels Limited's book value per share was Rs 179.86 at the end of FY2026. The shares trade at 1.24× book value.

Information only, not investment advice.