NPL Nishat Power Limited

Nishat Power Limited (NPL) financial ratios

Nishat Power Limited earned a net margin of 22.5% in FY2026 against a five-year average of 13.5% (Power Generation & Distribution median 3.9%). Return on equity was 8.6%, compared with a sector median of 0.2%. The current ratio stood at 2.32× and debt was 16.4% of equity. Cash took about 207 days to cycle through receivables, inventory and payables.

FY2026 vs the Power Generation & Distribution median

Gross margin: 12.5%; Sector median 12.5%
Operating margin: 3.4%; Sector median 6.9%
Net margin: 22.5%; Sector median 3.9%
Return on equity (ROE): 8.6%; Sector median 0.2%
Return on assets (ROA): 7.7%; Sector median 0.1%
Current ratio: 2.32×; Sector median 2.32×
Debt to equity: 16.4%; Sector median 32.9%
Asset turnover: 0.34×; Sector median 0.17×
Dividend payout ratio: 21.4%; Sector median 0.0%

Median of the 16 companies in the sector with the figure for their latest fiscal year.

NPL 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
Profitability
Gross margin	12.5%	37.7%	22.8%	19.8%	16.4%	30.1%	54.7%	32.1%	25.0%	25.8%	28.0%	21.0%	16.9%	20.1%	23.4%	23.2%	21.9%	—
EBITDA margin	9.5%	38.9%	25.8%	21.5%	18.3%	32.4%	57.8%	35.6%	29.1%	30.6%	33.8%	24.8%	20.3%	24.0%	27.6%	28.8%	24.1%	—
Operating margin	3.4%	29.3%	22.3%	18.2%	15.1%	26.1%	51.8%	30.3%	23.3%	24.0%	26.5%	20.2%	16.4%	19.7%	23.0%	23.0%	20.2%	—
Pre-tax margin	27.6%	(5.4%)	24.9%	17.8%	14.0%	23.5%	42.1%	24.2%	19.0%	19.2%	20.5%	14.0%	10.6%	10.8%	9.7%	9.0%	7.1%	—
Net margin	22.5%	(10.6%)	23.9%	17.7%	14.0%	23.4%	42.1%	24.2%	19.0%	19.2%	20.5%	14.0%	10.6%	10.9%	9.7%	9.0%	4.6%	—
Effective tax rate	18.3%	—	3.9%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	(0.1%)	0.0%	0.0%	0.0%	(1.4%)	(0.1%)	0.7%	34.7%	2.0%
Returns
Return on equity (ROE)	8.6%	(2.5%)	17.2%	14.1%	12.3%	10.8%	23.1%	21.2%	21.2%	22.1%	23.9%	28.4%	29.8%	33.4%	32.1%	41.3%	1.4%	—
Return on assets (ROA)	7.7%	(2.2%)	15.6%	12.6%	10.4%	8.9%	16.9%	13.5%	12.8%	13.0%	12.9%	12.6%	11.2%	10.2%	7.8%	8.1%	0.3%	—
Return on invested capital (ROIC)	8.0%	—	16.6%	13.4%	11.4%	10.4%	21.3%	17.2%	16.2%	16.8%	17.3%	19.6%	19.0%	20.0%	19.9%	35.0%	1.6%	—
Liquidity
Current ratio	2.32×	18.31×	5.61×	15.21×	4.71×	4.63×	3.58×	2.05×	2.18×	2.78×	4.79×	3.52×	2.05×	2.09×	1.47×	1.63×	1.17×	0.10×
Quick ratio	1.86×	16.93×	4.96×	13.39×	3.66×	4.30×	3.42×	1.78×	1.84×	2.37×	3.97×	2.91×	1.81×	1.82×	1.23×	1.34×	0.93×	0.10×
Leverage
Debt to equity	16.4%	2.6%	9.1%	0.0%	16.1%	14.4%	20.4%	49.5%	59.0%	62.3%	68.4%	91.4%	133.7%	154.6%	271.0%	313.7%	482.1%	396.3%
Debt to capital	14.1%	2.5%	8.3%	0.0%	13.9%	12.6%	16.9%	33.1%	37.1%	38.4%	40.6%	47.8%	57.2%	60.7%	73.0%	75.8%	82.8%	79.9%
Debt to assets	13.8%	2.5%	7.8%	0.0%	13.6%	12.2%	16.5%	32.5%	35.9%	37.2%	39.7%	46.1%	52.2%	55.8%	69.1%	72.5%	77.7%	77.5%
Assets to equity	1.12×	1.11×	1.11×	1.12×	1.19×	1.21×	1.36×	1.58×	1.66×	1.70×	1.85×	2.26×	2.66×	3.27×	4.10×	5.07×	5.72×	—
Efficiency
Asset turnover	0.34×	0.21×	0.65×	0.71×	0.74×	0.38×	0.40×	0.56×	0.67×	0.68×	0.63×	0.90×	1.06×	0.93×	0.81×	0.91×	0.05×	—
Receivable days days	140	437	244	218	247	607	541	341	240	194	196	153	109	122	148	79	480	—
Inventory days days	78	209	65	82	66	57	116	86	61	55	64	36	24	34	41	30	278	—
Payable days days	10	79	27	10	3	6	5	9	12	7	6	15	20	16	8	2	8	—
Cash conversion cycle days	207	567	282	290	311	658	653	418	290	241	253	173	113	139	181	107	750	—
Dividends
Dividend payout ratio	21.4%	—	32.8%	26.0%	26.6%	19.8%	7.2%	28.2%	16.5%	24.5%	74.5%	68.2%	48.5%	38.8%	34.8%	0.0%	0.0%	0.0%
Earnings retention rate	0.79×	—	0.67×	0.74×	0.73×	0.80×	0.93×	0.72×	0.83×	0.75×	0.25×	0.32×	0.51×	0.61×	0.65×	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.

NPL: frequently asked questions

What is NPL's EPS?

Nishat Power Limited reported basic earnings per share of Rs 7.01 for FY2026 (Jul 2025 – Jun 2026).

What is NPL's P/E ratio?

At the closing price of Rs 53.20 on 16 Oct 2026, NPL trades at a P/E of 7.6× based on EPS of Rs 7.01 (FY2026).

Does NPL pay dividends?

Yes. Nishat Power Limited declared a dividend of Rs 2.50 per share for FY2026. It has paid a dividend in each of the last 15 years. At Rs 53.20 that is a dividend yield of 4.7%.

What was NPL's revenue and profit in FY2026?

Nishat Power Limited reported revenue of Rs 11.0 bn and profit attributable to shareholders of Rs 2.5 bn for FY2026 (Jul 2025 – Jun 2026).

What is NPL's book value per share?

Nishat Power Limited's book value per share was Rs 84.43 at the end of FY2026. The shares trade at 0.63× book value.

Information only, not investment advice.