NICL Nimir Industrial Chemicals Limited

Nimir Industrial Chemicals Limited (NICL) financial ratios

Nimir Industrial Chemicals Limited earned a net margin of 5.0% in FY2026 against a five-year average of 4.1% (Chemical median 4.7%). Return on equity was 22.4%, compared with a sector median of 12.2%. The current ratio stood at 1.15× and debt was 155.8% of equity. Cash took about 144 days to cycle through receivables, inventory and payables.

FY2026 vs the Chemical median

Gross margin: 15.7%; Sector median 18.7%
Operating margin: 13.0%; Sector median 11.8%
Net margin: 5.0%; Sector median 4.7%
Return on equity (ROE): 22.4%; Sector median 12.2%
Return on assets (ROA): 6.9%; Sector median 7.1%
Current ratio: 1.15×; Sector median 1.46×
Debt to equity: 155.8%; Sector median 45.9%
Asset turnover: 1.39×; Sector median 1.05×
Dividend payout ratio: 27.7%; Sector median 19.3%

Median of the 25 companies in the sector with the figure for their latest fiscal year.

NICL 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	15.7%	14.8%	14.7%	14.6%	12.8%	14.9%	14.2%	12.9%	12.0%	13.5%	18.4%	15.3%	15.4%	16.8%	13.0%	12.8%	10.4%	7.3%	13.5%	2.7%
EBITDA margin	15.0%	14.0%	14.3%	14.2%	12.3%	14.7%	13.9%	12.5%	11.6%	12.0%	15.8%	14.4%	13.4%	14.1%	11.7%	10.9%	8.8%	7.1%	14.2%	2.5%
Operating margin	13.0%	11.9%	12.2%	12.6%	11.0%	12.7%	11.9%	10.8%	9.7%	10.0%	13.3%	11.1%	10.0%	11.5%	9.0%	8.1%	5.0%	2.3%	8.5%	(5.7%)
Pre-tax margin	9.3%	4.7%	2.8%	5.2%	7.4%	9.9%	7.2%	6.8%	6.2%	7.8%	12.2%	8.0%	7.8%	7.7%	4.2%	33.4%	0.8%	(10.6%)	2.5%	(13.3%)
Net margin	5.0%	4.5%	2.4%	4.2%	4.7%	7.0%	4.9%	4.9%	5.1%	5.1%	9.2%	6.1%	5.8%	4.2%	8.6%	32.4%	0.3%	(10.6%)	2.1%	(14.0%)
Effective tax rate	46.7%	4.4%	15.3%	19.0%	36.0%	29.1%	31.3%	27.1%	18.1%	34.4%	24.4%	24.6%	24.9%	45.2%	(105.0%)	3.2%	66.1%	—	15.2%	—
Returns
Return on equity (ROE)	22.4%	22.3%	12.4%	25.4%	29.3%	39.9%	27.7%	29.1%	29.4%	23.0%	30.0%	14.1%	14.3%	10.6%	22.7%	153.6%	3.9%	(78.2%)	9.1%	—
Return on assets (ROA)	6.9%	6.3%	3.2%	5.5%	7.1%	12.3%	8.5%	9.0%	9.1%	7.9%	12.7%	7.7%	8.1%	6.1%	12.3%	45.0%	0.3%	(8.7%)	1.4%	—
Return on invested capital (ROIC)	11.6%	16.1%	15.6%	14.2%	11.3%	17.0%	15.4%	14.4%	13.5%	11.3%	16.4%	11.7%	11.8%	9.6%	39.4%	59.9%	2.4%	—	10.5%	—
Liquidity
Current ratio	1.15×	1.05×	1.04×	1.05×	1.10×	1.22×	1.22×	1.19×	1.17×	1.16×	1.18×	1.25×	1.23×	1.40×	1.26×	1.20×	1.08×	1.14×	1.00×	1.13×
Quick ratio	0.55×	0.55×	0.46×	0.50×	0.57×	0.53×	0.54×	0.64×	0.61×	0.63×	0.72×	0.55×	0.55×	0.92×	0.91×	0.71×	0.63×	0.68×	0.55×	0.78×
Leverage
Debt to equity	155.8%	180.5%	219.2%	239.7%	277.6%	153.8%	128.8%	138.1%	147.0%	122.6%	123.3%	67.7%	56.8%	55.0%	55.4%	74.0%	1,210.4%	1,225.6%	371.7%	418.1%
Debt to capital	60.9%	64.3%	68.7%	70.6%	73.5%	60.6%	56.3%	58.0%	59.5%	55.1%	55.2%	40.4%	36.2%	35.5%	35.7%	42.5%	92.4%	92.5%	78.8%	80.7%
Debt to assets	49.9%	53.2%	58.6%	59.9%	61.7%	48.2%	43.1%	47.0%	47.6%	45.2%	46.6%	36.1%	31.6%	31.8%	32.1%	37.2%	84.9%	83.7%	57.3%	65.7%
Assets to equity	3.25×	3.55×	3.87×	4.25×	3.92×	3.11×	2.97×	3.01×	2.92×	2.69×	2.30×	1.84×	1.77×	1.73×	1.84×	3.41×	14.44×	8.97×	6.42×	—
Efficiency
Asset turnover	1.39×	1.40×	1.34×	1.31×	1.52×	1.74×	1.73×	1.83×	1.79×	1.55×	1.38×	1.27×	1.39×	1.45×	1.42×	1.39×	1.03×	0.82×	0.67×	—
Receivable days days	77	70	67	81	75	61	67	69	69	76	73	52	56	69	61	52	62	67	62	—
Inventory days days	94	91	97	96	92	95	86	74	73	71	79	83	60	41	40	46	51	60	67	—
Payable days days	27	24	21	21	23	31	31	27	28	26	27	27	26	16	11	12	13	62	113	—
Cash conversion cycle days	144	137	143	156	144	125	123	116	114	121	125	108	90	95	90	86	100	65	15	—
Dividends
Dividend payout ratio	27.7%	27.3%	33.1%	9.0%	19.0%	21.1%	33.8%	44.5%	30.2%	23.3%	61.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	—
Earnings retention rate	0.72×	0.73×	0.67×	0.91×	0.81×	0.79×	0.66×	0.56×	0.70×	0.77×	0.38×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	—	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.

NICL: frequently asked questions

What is NICL's EPS?

Nimir Industrial Chemicals Limited reported basic earnings per share of Rs 21.64 for FY2026 (Jul 2025 – Jun 2026).

What is NICL's P/E ratio?

At the closing price of Rs 265.70 on 16 Oct 2026, NICL trades at a P/E of 12.3× based on EPS of Rs 21.64 (FY2026).

Does NICL pay dividends?

Yes. Nimir Industrial Chemicals Limited declared a dividend of Rs 6.00 per share for FY2026. It has paid a dividend in each of the last 12 years. At Rs 265.70 that is a dividend yield of 2.3%.

What was NICL's revenue and profit in FY2026?

Nimir Industrial Chemicals Limited reported revenue of Rs 48.3 bn and profit attributable to shareholders of Rs 2.4 bn for FY2026 (Jul 2025 – Jun 2026).

What is NICL's book value per share?

Nimir Industrial Chemicals Limited's book value per share was Rs 104.29 at the end of FY2026. The shares trade at 2.55× book value.

Information only, not investment advice.