FML Feroze1888 Mills Limited

Feroze1888 Mills Limited (FML) financial ratios

Feroze1888 Mills Limited earned a net margin of 1.2% in FY2026 against a five-year average of 5.0% (Textile Composite median 1.5%). Return on equity was 2.3%, compared with a sector median of 3.8%. The current ratio stood at 1.10× and debt was 97.9% of equity. Cash took about 188 days to cycle through receivables, inventory and payables.

FY2026 vs the Textile Composite median

Gross margin: 12.4%; Sector median 11.7%
Operating margin: 5.6%; Sector median 5.0%
Net margin: 1.2%; Sector median 1.5%
Return on equity (ROE): 2.3%; Sector median 3.8%
Return on assets (ROA): 0.9%; Sector median 1.3%
Current ratio: 1.10×; Sector median 1.21×
Debt to equity: 97.9%; Sector median 72.9%
Asset turnover: 0.79×; 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.

FML 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	12.4%	13.7%	17.0%	22.7%	15.6%	23.6%	24.1%	26.1%	22.2%	20.2%	28.3%	22.3%	18.9%	19.0%	14.3%	18.1%	18.3%	14.2%	8.8%	(10.1%)
EBITDA margin	11.1%	9.2%	11.9%	16.9%	11.0%	16.1%	15.4%	25.1%	16.9%	15.7%	23.3%	17.1%	14.7%	14.5%	10.6%	14.1%	15.1%	9.5%	5.9%	(7.1%)
Operating margin	5.6%	4.5%	7.9%	12.4%	5.3%	12.1%	11.1%	21.9%	13.5%	12.9%	20.9%	14.6%	12.6%	11.9%	7.7%	11.2%	9.9%	3.5%	(2.8%)	(19.4%)
Pre-tax margin	1.4%	(0.1%)	0.9%	15.6%	8.4%	11.2%	10.5%	21.3%	12.9%	12.2%	20.5%	14.4%	10.7%	10.3%	5.1%	7.6%	7.7%	0.6%	(7.3%)	(31.8%)
Net margin	1.2%	0.1%	0.8%	15.7%	7.0%	10.1%	9.4%	20.5%	12.6%	12.4%	19.4%	13.3%	9.6%	9.2%	4.0%	6.6%	6.0%	(0.4%)	(8.3%)	(32.8%)
Effective tax rate	13.1%	—	4.8%	(1.0%)	17.3%	10.0%	10.5%	3.7%	1.9%	(1.6%)	5.5%	8.0%	10.3%	10.1%	21.0%	13.2%	22.1%	160.4%	—	—
Returns
Return on equity (ROE)	2.3%	0.3%	1.6%	26.6%	12.5%	18.9%	14.2%	33.0%	17.9%	18.3%	33.4%	25.6%	22.8%	19.9%	10.1%	16.6%	3.9%	(1.1%)	(35.5%)	(63.4%)
Return on assets (ROA)	0.9%	0.1%	0.7%	12.8%	6.0%	9.1%	7.6%	20.9%	13.1%	14.5%	27.0%	18.4%	14.2%	11.6%	5.1%	8.4%	2.1%	(0.3%)	(4.8%)	(15.5%)
Return on invested capital (ROIC)	4.4%	—	6.7%	18.7%	8.0%	12.0%	10.0%	25.3%	16.1%	17.7%	32.2%	23.3%	19.4%	16.2%	9.1%	13.7%	4.5%	(4.0%)	—	—
Liquidity
Current ratio	1.10×	1.05×	1.13×	1.40×	1.57×	1.61×	1.53×	1.73×	1.94×	2.76×	3.79×	3.00×	1.84×	1.70×	1.52×	1.23×	1.49×	1.30×	0.89×	0.52×
Quick ratio	0.53×	0.49×	0.62×	0.83×	1.00×	1.07×	0.97×	1.11×	1.24×	1.67×	2.23×	1.77×	0.91×	0.73×	0.66×	0.54×	0.53×	0.80×	0.45×	0.14×
Leverage
Debt to equity	97.9%	94.4%	86.8%	69.7%	80.9%	79.6%	71.7%	43.6%	21.4%	7.2%	3.4%	4.8%	21.9%	42.5%	45.9%	106.3%	50.7%	100.0%	566.9%	414.6%
Debt to capital	49.5%	48.6%	46.5%	41.1%	44.7%	44.3%	41.8%	30.3%	17.6%	6.7%	3.3%	4.6%	18.0%	29.8%	31.5%	51.5%	33.7%	50.0%	85.0%	80.6%
Debt to assets	38.9%	38.4%	36.6%	33.2%	39.1%	37.6%	35.1%	25.8%	14.8%	5.6%	2.8%	3.8%	14.1%	25.3%	26.2%	46.3%	30.5%	36.7%	61.7%	67.7%
Assets to equity	2.49×	2.42×	2.23×	2.08×	2.09×	2.08×	1.87×	1.58×	1.37×	1.26×	1.24×	1.40×	1.61×	1.71×	2.00×	1.98×	1.83×	4.08×	7.35×	4.09×
Efficiency
Asset turnover	0.79×	0.80×	0.88×	0.81×	0.86×	0.90×	0.81×	1.02×	1.03×	1.17×	1.39×	1.38×	1.48×	1.25×	1.26×	1.26×	0.35×	0.75×	0.58×	0.47×
Receivable days days	95	114	107	103	95	101	113	106	115	95	74	75	65	69	64	55	142	40	30	39
Inventory days days	158	143	119	126	102	112	129	100	93	89	83	88	96	116	107	113	344	83	119	182
Payable days days	65	51	42	31	22	29	29	32	53	51	45	39	29	26	20	22	81	46	72	76
Cash conversion cycle days	188	207	184	198	174	183	213	175	155	132	112	124	133	159	151	146	404	77	77	145
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	9.2%	50.0%	30.0%	30.0%	39.9%	50.0%	40.9%	40.5%	56.4%	30.9%	105.9%	140.8%	96.8%	0.0%	—	—	—
Earnings retention rate	1.00×	1.00×	1.00×	0.91×	0.50×	0.70×	0.70×	0.60×	0.50×	0.59×	0.59×	0.44×	0.69×	(0.06×)	(0.41×)	0.03×	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.

FML: frequently asked questions

What is FML's EPS?

Feroze1888 Mills Limited reported basic earnings per share of Rs 2.01 for FY2026 (Jul 2025 – Jun 2026).

What is FML's P/E ratio?

At the closing price of Rs 44.76 on 16 Oct 2026, FML trades at a P/E of 22.3× based on EPS of Rs 2.01 (FY2026).

Does FML pay dividends?

Feroze1888 Mills Limited did not declare a cash dividend for FY2026.

What was FML's revenue and profit in FY2026?

Feroze1888 Mills Limited reported revenue of Rs 67.7 bn and profit attributable to shareholders of Rs 803.4 mn for FY2026 (Jul 2025 – Jun 2026).

What is FML's book value per share?

Feroze1888 Mills Limited's book value per share was Rs 86.53 at the end of FY2026. The shares trade at 0.52× book value.

Information only, not investment advice.