NCL Nishat Chunian Limited

Nishat Chunian Limited (NCL) financial ratios

Nishat Chunian Limited earned a net margin of 1.8% in FY2026 against a five-year average of 2.7% (Textile Composite median 1.5%). Return on equity was 7.0%, compared with a sector median of 3.8%. The current ratio stood at 1.17× and debt was 202.4% of equity. Cash took about 210 days to cycle through receivables, inventory and payables.

FY2026 vs the Textile Composite median

Gross margin: 12.4%; Sector median 11.7%
Operating margin: 9.0%; Sector median 5.0%
Net margin: 1.8%; Sector median 1.5%
Return on equity (ROE): 7.0%; Sector median 3.8%
Return on assets (ROA): 2.0%; Sector median 1.3%
Current ratio: 1.17×; Sector median 1.21×
Debt to equity: 202.4%; Sector median 72.9%
Asset turnover: 1.12×; Sector median 0.78×
Dividend payout ratio: 30.8%; Sector median 0.0%

Median of the 44 companies in the sector with the figure for their latest fiscal year.

NCL 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%	10.5%	12.4%	10.1%	19.1%	21.0%	22.4%	18.7%	17.5%	16.6%	17.3%	15.5%	12.8%	18.8%	18.1%	19.7%	20.1%	15.0%	11.4%	12.5%
EBITDA margin	11.2%	9.2%	11.3%	9.2%	17.6%	20.8%	23.2%	22.2%	20.6%	18.3%	18.9%	16.9%	13.9%	20.3%	20.0%	18.1%	20.5%	16.2%	14.8%	17.3%
Operating margin	9.0%	7.0%	9.3%	6.8%	15.1%	17.5%	19.3%	18.1%	16.2%	13.9%	14.0%	12.8%	10.4%	16.8%	16.2%	18.1%	16.6%	10.8%	7.9%	8.7%
Pre-tax margin	2.2%	1.0%	0.8%	(1.0%)	12.2%	14.3%	9.2%	11.1%	11.0%	8.8%	8.2%	6.0%	4.4%	9.7%	6.1%	0.0%	8.4%	1.7%	0.8%	1.4%
Net margin	1.8%	0.9%	0.8%	(1.1%)	11.2%	13.2%	8.3%	10.1%	10.3%	8.4%	7.5%	5.2%	4.1%	9.2%	5.5%	6.8%	7.4%	1.0%	0.2%	0.1%
Effective tax rate	19.5%	13.5%	5.1%	—	8.2%	7.7%	9.7%	8.8%	6.3%	4.6%	8.8%	12.4%	7.5%	5.1%	8.5%	7,284.5%	(0.3%)	0.0%	0.0%	0.0%
Returns
Return on equity (ROE)	7.0%	3.5%	3.4%	(3.1%)	27.2%	27.4%	8.8%	20.3%	23.0%	17.5%	13.1%	8.3%	6.4%	34.0%	18.3%	38.3%	27.7%	3.7%	0.7%	0.4%
Return on assets (ROA)	2.0%	1.0%	1.0%	(0.9%)	11.1%	10.1%	5.4%	7.8%	8.4%	6.9%	5.8%	4.8%	4.4%	9.9%	5.4%	7,537.6%	3.6%	0.6%	0.2%	0.1%
Return on invested capital (ROIC)	7.8%	7.3%	12.7%	—	13.8%	12.5%	8.9%	10.9%	10.1%	8.3%	7.3%	7.8%	8.6%	16.0%	13.6%	(905,057.8%)	8.2%	14.6%	13.4%	14.0%
Liquidity
Current ratio	1.17×	1.15×	1.21×	1.27×	1.88×	1.48×	1.26×	1.14×	1.18×	1.11×	1.11×	1.18×	1.24×	1.53×	1.32×	1.21×	0.97×	0.77×	0.77×	0.78×
Quick ratio	0.44×	0.44×	0.49×	0.54×	1.08×	0.91×	0.70×	0.66×	0.76×	0.71×	0.70×	0.77×	0.80×	0.96×	0.99×	0.77×	0.59×	0.35×	0.28×	—
Leverage
Debt to equity	202.4%	214.1%	187.1%	207.2%	84.7%	98.8%	129.6%	152.5%	169.0%	201.6%	199.1%	211.5%	246.2%	188.4%	294.3%	322.6%	435.4%	447.3%	331.1%	229.6%
Debt to capital	66.9%	68.2%	65.2%	67.4%	45.9%	49.7%	56.4%	60.4%	62.8%	66.8%	66.6%	67.9%	71.1%	65.3%	74.6%	76.3%	81.3%	81.7%	76.8%	69.7%
Debt to assets	59.1%	61.1%	58.0%	61.1%	42.3%	46.0%	52.1%	56.2%	59.3%	63.9%	62.7%	64.6%	65.2%	59.1%	69.4%	71.4%	75.9%	78.1%	73.3%	63.2%
Assets to equity	3.46×	3.37×	3.31×	2.43×	2.07×	2.30×	2.59×	2.78×	2.99×	3.16×	3.22×	3.51×	3.48×	3.64×	4.37×	5.02×	5.73×	5.20×	4.07×	3.51×
Efficiency
Asset turnover	1.12×	1.18×	1.29×	0.87×	0.99×	0.77×	0.65×	0.77×	0.82×	0.81×	0.77×	0.92×	1.07×	1.07×	0.98×	1,106.05×	0.49×	0.63×	0.84×	0.80×
Receivable days days	81	79	75	117	124	180	200	175	157	140	146	129	105	110	117	0	91	68	54	45
Inventory days days	156	142	124	149	123	167	200	138	106	98	103	87	72	63	62	0	115	114	—	—
Payable days days	27	18	14	14	13	19	20	15	13	12	13	17	23	22	13	0	23	8	11	17
Cash conversion cycle days	210	204	185	252	233	327	380	298	250	226	235	198	153	152	166	0	182	173	42	28
Dividends
Dividend payout ratio	30.8%	32.0%	0.0%	—	16.7%	3.5%	32.3%	33.8%	25.3%	26.9%	36.8%	21.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1,110.6%
Earnings retention rate	0.69×	0.68×	1.00×	—	0.83×	0.96×	0.68×	0.66×	0.75×	0.73×	0.63×	0.78×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	(10.11×)

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.

NCL: frequently asked questions

What is NCL's EPS?

Nishat Chunian Limited reported basic earnings per share of Rs 6.50 for FY2026 (Jul 2025 – Jun 2026).

What is NCL's P/E ratio?

At the closing price of Rs 35.52 on 16 Oct 2026, NCL trades at a P/E of 5.5× based on EPS of Rs 6.50 (FY2026).

Does NCL pay dividends?

Yes. Nishat Chunian Limited declared a dividend of Rs 4.00 per share for FY2026. It has paid a dividend in each of the last 2 years. At Rs 35.52 that is a dividend yield of 11.3%.

What was NCL's revenue and profit in FY2026?

Nishat Chunian Limited reported revenue of Rs 87.0 bn and profit attributable to shareholders of Rs 1.6 bn for FY2026 (Jul 2025 – Jun 2026).

What is NCL's book value per share?

Nishat Chunian Limited's book value per share was Rs 95.26 at the end of FY2026. The shares trade at 0.37× book value.

Information only, not investment advice.