The National Silk & Rayon Mills Limited (NSRM) financial ratios

The National Silk & Rayon Mills Limited earned a net margin of 3.4% in FY2025 against a five-year average of 2.1% (Synthetic & Rayon median 3.4%). Return on equity was 5.5%, compared with a sector median of 4.0%. The current ratio stood at 1.15× and debt was 3.2% of equity. Cash took about 8 days to cycle through receivables, inventory and payables.

FY2025 vs the Synthetic & Rayon median

Gross margin: 7.8%; Sector median 7.7%
Operating margin: 4.5%; Sector median 3.9%
Net margin: 3.4%; Sector median 3.4%
Return on equity (ROE): 5.5%; Sector median 4.0%
Return on assets (ROA): 3.8%; Sector median 1.0%
Current ratio: 1.15×; Sector median 0.86×
Debt to equity: 3.2%; Sector median 59.3%
Asset turnover: 1.12×; Sector median 0.83×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 9 companies in the sector with the figure for their latest fiscal year.

NSRM financial ratios (annual) (Rs mn)
Rs mn	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
Profitability
Gross margin	7.8%	7.2%	3.0%	8.6%	9.4%	4.1%	7.6%	9.1%	8.2%	8.9%	8.8%	8.4%	7.6%	6.3%	5.8%
EBITDA margin	5.8%	5.9%	1.6%	7.4%	8.7%	(1.3%)	6.1%	7.3%	7.5%	8.6%	5.6%	4.5%	3.9%	2.8%	1.8%
Operating margin	4.5%	4.5%	(0.1%)	5.0%	6.2%	(4.5%)	3.6%	4.7%	4.6%	5.5%	5.6%	4.5%	3.9%	2.8%	1.8%
Pre-tax margin	4.5%	4.4%	(0.2%)	4.1%	5.2%	(5.4%)	3.3%	4.2%	4.1%	4.6%	4.2%	3.7%	3.0%	1.8%	0.5%
Net margin	3.4%	3.1%	(1.3%)	1.1%	4.1%	(5.8%)	1.9%	4.8%	2.0%	4.9%	1.9%	1.5%	1.5%	0.8%	(0.6%)
Effective tax rate	24.9%	30.7%	—	73.0%	20.2%	—	43.2%	(12.9%)	51.6%	(5.5%)	54.4%	58.5%	49.7%	54.7%	231.3%
Returns
Return on equity (ROE)	5.5%	4.6%	(2.0%)	1.7%	5.4%	(5.9%)	2.3%	5.5%	2.3%	6.3%	3.5%	3.1%	3.9%	3.1%	—
Return on assets (ROA)	3.8%	3.2%	(1.4%)	1.1%	3.7%	(4.1%)	1.7%	4.2%	1.6%	4.4%	2.2%	1.7%	1.8%	1.2%	—
Return on invested capital (ROIC)	5.3%	4.4%	—	1.7%	5.2%	—	2.3%	5.4%	2.2%	6.2%	3.6%	2.5%	2.8%	2.2%	—
Liquidity
Current ratio	1.15×	1.14×	1.05×	1.08×	0.98×	0.97×	1.09×	1.20×	1.03×	1.00×	1.10×	1.34×	1.39×	1.06×	1.04×
Quick ratio	0.94×	0.93×	0.85×	0.75×	0.66×	0.65×	0.67×	0.92×	0.91×	0.79×	0.93×	1.04×	1.12×	0.64×	0.46×
Leverage
Debt to equity	3.2%	8.2%	6.2%	22.1%	15.6%	12.2%	11.3%	9.9%	13.0%	16.2%	24.7%	27.0%	82.6%	79.4%	196.9%
Debt to capital	3.1%	7.6%	5.8%	18.1%	13.5%	10.9%	10.1%	9.0%	11.5%	14.0%	19.8%	21.2%	45.2%	44.3%	66.3%
Debt to assets	2.2%	5.5%	4.3%	13.8%	10.3%	8.4%	7.8%	7.7%	9.4%	11.6%	15.9%	17.0%	37.6%	37.4%	50.8%
Assets to equity	1.45×	1.46×	1.49×	1.56×	1.48×	1.45×	1.37×	1.32×	1.39×	1.45×	1.57×	1.81×	2.16×	2.57×	—
Efficiency
Asset turnover	1.12×	1.03×	1.04×	0.97×	0.88×	0.70×	0.89×	0.87×	0.82×	0.90×	1.15×	1.14×	1.19×	1.47×	—
Receivable days days	78	80	79	85	69	80	66	75	86	78	72	63	36	21	—
Inventory days days	23	24	30	46	46	60	43	20	20	22	22	24	23	34	—
Payable days days	93	94	79	75	75	99	68	59	73	64	52	52	45	43	—
Cash conversion cycle days	8	10	29	57	40	41	40	36	32	37	43	35	15	13	—
Dividends
Dividend payout ratio	0.0%	0.0%	—	0.0%	0.0%	—	0.0%	27.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Earnings retention rate	1.00×	1.00×	—	1.00×	1.00×	—	1.00×	0.72×	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.

NSRM: frequently asked questions

What is NSRM's EPS?

The National Silk & Rayon Mills Limited reported basic earnings per share of Rs 5.36 for FY2025 (Jul 2024 – Jun 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 4.50.

What is NSRM's P/E ratio?

At the closing price of Rs 199.90 on 16 Oct 2026, NSRM trades at a P/E of 44.4× based on EPS of Rs 4.50 (TTM to Jun 2026).

Does NSRM pay dividends?

The National Silk & Rayon Mills Limited did not declare a cash dividend for FY2025.

What was NSRM's revenue and profit in FY2025?

The National Silk & Rayon Mills Limited reported revenue of Rs 2.5 bn and profit attributable to shareholders of Rs 83.4 mn for FY2025 (Jul 2024 – Jun 2025).

What is NSRM's book value per share?

The National Silk & Rayon Mills Limited's book value per share was Rs 99.93 at the end of FY2025. The shares trade at 1.82× book value.

Information only, not investment advice.