MRNS Mehran Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 61.00 +3.16%
Financials
Mehran Sugar Mills Limited (MRNS) financials
19 years of annual results (FY2007 – FY2025), 67 quarters.
Mehran Sugar Mills Limited (MRNS) reported revenue of Rs 13.6 bn for FY2025 (Oct 2024 – Sep 2025), up 23.5% from FY2024.
Profit attributable to shareholders was Rs 2.2 bn (EPS Rs 29.02), a net margin of 16.0%.
It declared a dividend of Rs 5.50 per share for FY2025 and has paid a dividend in each of the last 17 years.
The balance sheet showed net cash of Rs 1.6 bn.
Return on equity was 57.6%.
Over the last five years revenue grew at a compound 16.1% a year.
At Rs 61.00 (close on 16 Oct 2026) the shares trade at 3.2× earnings (TTM to Jun 2026) and 0.93× book value, with a dividend yield of 9.0%.
Fundamentals
MRNS at a glance
Revenue · FY2025
Rs 13.6 bn
▲ 23.5% year on year
Profit attributable to shareholders · FY2025
Rs 2.2 bn
EPS – basic (Rs) · FY2025
Rs 29.02
Dividend per share (Rs) · FY2025
Rs 5.50
▲ 450.0% year on year
Net margin · FY2025
16.0%
+23.3 pts year on year
Debt to equity · FY2025
18.0%
-98.4 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 13.6 bn
- Profit attributable · FY2025
- Rs 2.2 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 7.4 bn
- Equity · FY2025
- Rs 4.8 bn
Financial highlights
MRNS financial results
| Rs bn | FY2025 Oct 2024 – Sep 2025 | FY2024 Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 |
|---|---|---|---|---|---|
| Revenue | 13.6 | 11.0 | 11.0 | 6.9 | 6.1 |
| Gross profit | 2.0 | 0.9 | 2.4 | 0.8 | 0.6 |
| Operating profit | 1.6 | 0.5 | 1.7 | 0.5 | 0.3 |
| Profit after tax | 2.2 | (0.8) | 1.4 | 0.3 | (0.0) |
| Profit attributable to shareholders | 2.2 | (0.8) | 1.4 | 0.3 | (0.0) |
| EPS – basic (Rs) Rs | 29.02 | (10.66) | 19.26 | 4.31 | (0.20) |
| Dividend per share (Rs) Rs | 5.50 | 1.00 | 7.50 | 0.54 | 0.98 |
| Total assets | 7.4 | 7.8 | 6.6 | 6.6 | 5.9 |
| Total equity | 4.8 | 2.8 | 3.9 | 2.7 | 2.5 |
| Total debt | 0.9 | 3.2 | 0.6 | 2.3 | 2.4 |
| Net cash from operating activities | 3.1 | (3.0) | 2.2 | (0.3) | (0.3) |
| Capital expenditure | (0.2) | (0.1) | (0.1) | (0.2) | (0.3) |
| Free cash flow (operating cash flow − capex) | 2.9 | (3.1) | 2.1 | (0.6) | (0.7) |
| Rs bn | TTM to Jun 2026 | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.2 | 4.8 | 3.2 | 1.4 | 2.8 | 4.1 | 2.7 | 3.9 | 3.2 |
| Gross profit | 1.7 | 0.3 | 0.6 | 0.3 | 0.5 | 0.8 | 0.4 | 0.3 | (0.3) |
| Operating profit | 2.0 | 0.4 | 0.2 | 0.2 | 1.2 | 0.8 | 0.7 | 0.3 | (0.4) |
| Profit after tax | 1.4 | 0.3 | 0.0 | 0.2 | 0.9 | 0.5 | 0.5 | 0.2 | (1.1) |
| Profit attributable to shareholders | 1.4 | 0.3 | 0.0 | 0.2 | 0.9 | 0.5 | 0.5 | 0.2 | (1.1) |
| EPS – basic (Rs) Rs | 19.23 | 3.81 | 0.45 | 2.63 | 12.34 | 6.73 | 6.92 | 3.03 | (14.67) |
| Dividend per share (Rs) Rs | 5.00 | 0.00 | 0.50 | 1.50 | 3.00 | 1.50 | 1.00 | 0.00 | 1.00 |
| Total assets | 10.2 | 10.2 | 14.3 | 10.3 | 7.4 | 8.6 | 11.1 | 12.7 | 7.8 |
| Total equity | 4.9 | 4.9 | 4.7 | 5.0 | 4.8 | 4.0 | 3.5 | 3.0 | 2.8 |
| Total debt | 3.1 | 3.1 | 6.4 | 2.1 | 0.9 | 2.5 | 5.6 | 7.6 | 3.2 |
| Net cash from operating activities | (0.5) | 2.9 | (5.7) | 0.6 | 1.7 | 3.7 | (2.7) | 0.4 | 2.0 |
| Capital expenditure | (0.5) | (0.1) | (0.0) | (0.3) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) |
| Free cash flow (operating cash flow − capex) | (1.0) | 2.9 | (5.7) | 0.3 | 1.5 | 3.7 | (2.7) | 0.3 | 1.9 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.