INDU Indus Motor Company Limited

Indus Motor Company Limited (INDU) financial ratios

Indus Motor Company Limited earned a net margin of 9.9% in FY2026 against a five-year average of 8.3% (Automobile Assembler median 8.8%). Return on equity was 31.1%, compared with a sector median of 36.2%. The current ratio stood at 1.79× and debt was 0.2% of equity. Cash took about 37 days to cycle through receivables, inventory and payables.

FY2026 vs the Automobile Assembler median

Gross margin: 14.0%; Sector median 19.4%
Operating margin: 11.1%; Sector median 12.7%
Net margin: 9.9%; Sector median 8.8%
Return on equity (ROE): 31.1%; Sector median 36.2%
Return on assets (ROA): 14.0%; Sector median 16.2%
Current ratio: 1.79×; Sector median 1.61×
Debt to equity: 0.2%; Sector median 2.9%
Asset turnover: 1.42×; Sector median 1.51×
Dividend payout ratio: 61.0%; Sector median 17.9%

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

INDU 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	14.0%	14.4%	13.1%	4.6%	6.7%	9.3%	9.0%	12.2%	17.1%	17.7%	16.3%	14.8%	10.2%	9.2%	8.5%	6.6%	7.8%	6.1%	9.3%	11.4%
EBITDA margin	13.3%	14.2%	11.3%	4.2%	6.0%	9.3%	8.4%	11.0%	15.7%	16.2%	15.0%	13.7%	8.9%	8.5%	7.8%	8.2%	10.4%	5.3%	9.7%	11.3%
Operating margin	11.1%	11.3%	7.4%	2.1%	4.8%	7.5%	5.1%	9.7%	14.3%	14.8%	13.5%	12.1%	7.3%	6.5%	6.1%	6.6%	9.0%	3.2%	8.6%	10.3%
Pre-tax margin	16.5%	17.4%	14.9%	9.5%	9.2%	10.2%	8.5%	12.0%	16.5%	17.0%	16.0%	14.6%	8.8%	7.8%	8.2%	6.5%	8.7%	5.4%	8.5%	10.8%
Net margin	9.9%	10.7%	9.9%	5.4%	5.7%	7.2%	5.9%	8.7%	11.3%	11.6%	10.5%	9.4%	6.8%	5.3%	5.6%	4.4%	6.0%	3.7%	5.5%	6.8%
Effective tax rate	40.4%	38.6%	33.6%	42.5%	37.9%	29.5%	30.3%	27.7%	31.4%	32.1%	34.2%	35.5%	22.8%	32.4%	31.8%	31.6%	30.9%	30.9%	35.3%	37.3%
Returns
Return on equity (ROE)	31.1%	31.9%	23.7%	16.9%	30.9%	28.7%	12.5%	35.7%	46.4%	44.2%	44.3%	41.5%	20.6%	19.3%	27.6%	20.5%	31.6%	14.3%	26.2%	37.1%
Return on assets (ROA)	14.0%	13.9%	11.2%	5.7%	9.1%	12.0%	7.0%	18.7%	21.6%	21.4%	21.2%	23.8%	15.1%	12.7%	15.8%	10.2%	15.1%	8.2%	15.6%	16.8%
Return on invested capital (ROIC)	31.1%	31.8%	23.6%	16.8%	30.5%	28.2%	12.4%	35.7%	46.4%	45.0%	44.3%	41.5%	20.6%	19.3%	27.9%	20.7%	32.1%	14.4%	26.4%	37.6%
Liquidity
Current ratio	1.79×	1.50×	1.52×	1.58×	1.19×	1.35×	1.65×	2.10×	1.65×	1.76×	1.58×	1.53×	3.35×	2.99×	2.32×	1.84×	1.67×	1.69×	2.13×	1.70×
Quick ratio	1.37×	1.29×	1.22×	1.11×	1.02×	1.08×	1.22×	1.52×	1.40×	1.47×	1.32×	1.29×	2.58×	1.91×	1.58×	1.36×	1.30×	1.26×	1.50×	1.31×
Leverage
Debt to equity	0.2%	0.3%	0.4%	0.5%	1.1%	2.0%	1.4%	0.2%	0.0%	—	—	—	—	—	—	—	—	—	—	—
Debt to capital	0.2%	0.3%	0.4%	0.5%	1.1%	2.0%	1.4%	0.2%	0.0%	—	—	—	—	—	—	—	—	—	—	—
Debt to assets	0.1%	0.1%	0.2%	0.2%	0.3%	0.7%	0.7%	0.1%	0.0%	—	—	—	—	—	—	—	—	—	—	—
Assets to equity	2.22×	2.29×	2.11×	2.95×	3.40×	2.40×	1.79×	1.91×	2.15×	2.06×	2.09×	1.74×	1.36×	1.52×	1.75×	2.02×	2.09×	1.74×	1.68×	2.20×
Efficiency
Asset turnover	1.42×	1.30×	1.14×	1.06×	1.58×	1.67×	1.19×	2.15×	1.92×	1.85×	2.02×	2.52×	2.23×	2.42×	2.83×	2.29×	2.51×	2.20×	2.82×	2.48×
Receivable days days	15	20	15	9	5	4	19	12	9	8	8	12	24	17	13	17	17	25	19	20
Inventory days days	49	46	73	61	35	44	71	34	33	35	29	24	45	50	35	36	31	36	29	38
Payable days days	27	27	41	38	22	17	18	12	10	8	10	8	25	30	24	32	21	20	23	29
Cash conversion cycle days	37	38	47	32	19	32	72	34	31	34	27	28	44	36	24	20	27	41	25	30
Dividends
Dividend payout ratio	61.0%	57.7%	52.5%	37.5%	46.6%	63.4%	46.4%	65.9%	69.8%	69.5%	68.6%	69.0%	59.9%	58.5%	58.5%	43.0%	62.5%	42.4%	41.2%	65.0%
Earnings retention rate	0.39×	0.42×	0.47×	0.63×	0.53×	0.37×	0.54×	0.34×	0.30×	0.30×	0.31×	0.31×	0.40×	0.41×	0.42×	0.57×	0.37×	0.58×	0.59×	0.35×

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.

INDU: frequently asked questions

What is INDU's EPS?

Indus Motor Company Limited reported basic earnings per share of Rs 324.50 for FY2026 (Jul 2025 – Jun 2026).

What is INDU's P/E ratio?

At the closing price of Rs 1,798.23 on 16 Oct 2026, INDU trades at a P/E of 5.5× based on EPS of Rs 324.50 (FY2026).

Does INDU pay dividends?

Yes. Indus Motor Company Limited declared a dividend of Rs 195.00 per share for FY2026. It has paid a dividend in each of the last 20 years. At Rs 1,798.23 that is a dividend yield of 10.8%.

What was INDU's revenue and profit in FY2026?

Indus Motor Company Limited reported revenue of Rs 258.8 bn and profit attributable to shareholders of Rs 25.5 bn for FY2026 (Jul 2025 – Jun 2026).

What is INDU's book value per share?

Indus Motor Company Limited's book value per share was Rs 1,105.54 at the end of FY2026. The shares trade at 1.63× book value.

Information only, not investment advice.