PACE Pace (Pakistan) Limited

Pace (Pakistan) Limited (PACE) financial ratios

Pace (Pakistan) Limited earned a net margin of 173.7% in FY2026 against a five-year average of -110.3% (Property median 25.0%). Return on equity was 85.5%, compared with a sector median of 15.0%. The current ratio stood at 0.78× and debt was 240.7% of equity. Cash took about 2,285 days to cycle through receivables, inventory and payables.

FY2026 vs the Property median

Gross margin: 61.0%; Sector median 59.2%
Operating margin: 185.9%; Sector median 35.2%
Net margin: 173.7%; Sector median 25.0%
Return on equity (ROE): 85.5%; Sector median 15.0%
Return on assets (ROA): 9.7%; Sector median 8.6%
Current ratio: 0.78×; Sector median 0.78×
Debt to equity: 240.7%; Sector median 21.5%
Asset turnover: 0.06×; Sector median 0.15×
Dividend payout ratio: 0.0%; Sector median 7.0%

Median of the 5 companies in the sector with the figure for their latest fiscal year.

PACE 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	61.0%	39.8%	26.8%	50.9%	28.1%	64.6%	27.2%	24.1%	(1.3%)	3.5%	11.6%	1.3%	25.8%	(8.5%)	(70.0%)	—	9.7%	19.3%	33.9%	37.8%
EBITDA margin	190.7%	25.4%	21.9%	(28.5%)	32.8%	(17.7%)	(71.0%)	(8.8%)	(29.7%)	64.4%	131.9%	(21.7%)	(2.1%)	(41.0%)	(189.8%)	—	57.2%	18.3%	103.3%	33.7%
Operating margin	185.9%	21.7%	20.3%	(40.5%)	30.0%	(33.7%)	(85.3%)	(14.6%)	(33.4%)	58.9%	126.5%	(27.2%)	(8.7%)	(64.8%)	(210.6%)	—	53.4%	15.7%	102.0%	31.5%
Pre-tax margin	186.0%	(7.1%)	45.4%	(692.6%)	(47.2%)	(20.2%)	(161.8%)	(202.3%)	(82.1%)	56.0%	84.9%	(73.3%)	(51.5%)	(129.5%)	(628.4%)	—	38.6%	51.3%	89.2%	96.6%
Net margin	173.7%	(7.5%)	56.6%	(716.4%)	(57.7%)	(21.6%)	(175.5%)	(206.6%)	(81.5%)	41.4%	54.8%	(73.5%)	(48.8%)	(98.6%)	(655.2%)	—	69.5%	67.8%	92.6%	88.3%
Effective tax rate	9.1%	—	(45.0%)	—	—	—	—	—	—	8.7%	20.5%	—	—	—	—	—	(4.8%)	(12.5%)	7.2%	8.6%
Returns
Return on equity (ROE)	85.5%	49.6%	—	—	(142.8%)	(6.1%)	(36.2%)	(50.6%)	(20.1%)	6.4%	9.0%	(11.8%)	(6.3%)	(12.2%)	(33.6%)	(40.1%)	17.8%	19.6%	38.5%	22.5%
Return on assets (ROA)	9.7%	(0.6%)	9.6%	(23.1%)	(10.1%)	(0.6%)	(5.7%)	(12.8%)	(7.0%)	2.3%	2.8%	(3.7%)	(2.2%)	(4.7%)	(16.1%)	(24.1%)	10.5%	11.0%	22.8%	15.2%
Return on invested capital (ROIC)	13.6%	—	19.6%	—	—	—	—	—	—	4.9%	3.6%	—	—	—	—	—	13.7%	18.3%	33.0%	20.2%
Liquidity
Current ratio	0.78×	0.53×	0.52×	0.41×	0.52×	0.63×	0.66×	0.72×	0.86×	0.56×	0.58×	0.57×	0.57×	0.63×	0.73×	2.67×	3.17×	9.58×	10.57×	6.21×
Quick ratio	0.40×	0.18×	0.19×	0.08×	0.13×	0.15×	0.15×	0.19×	0.37×	0.17×	0.16×	0.14×	0.14×	0.20×	0.23×	1.20×	2.13×	5.45×	6.46×	2.53×
Leverage
Debt to equity	240.7%	132.1%	217.4%	—	852.1%	712.4%	384.4%	259.1%	127.5%	101.3%	126.0%	158.8%	139.8%	133.0%	109.6%	73.2%	50.2%	66.0%	79.2%	13.9%
Debt to capital	70.6%	56.9%	68.5%	124.0%	89.5%	87.7%	79.4%	72.2%	56.0%	50.3%	55.8%	61.4%	58.3%	57.1%	52.3%	42.3%	33.4%	39.8%	44.2%	12.2%
Debt to assets	47.5%	39.2%	44.7%	81.3%	62.2%	57.1%	54.1%	51.4%	42.2%	39.7%	43.8%	47.4%	47.6%	48.9%	45.8%	39.9%	32.1%	38.2%	40.6%	10.6%
Assets to equity	3.92×	3.91×	13.07×	—	13.08×	8.95×	5.90×	3.79×	2.77×	2.71×	3.10×	3.13×	2.82×	2.54×	2.06×	1.67×	1.63×	1.83×	1.69×	1.48×
Efficiency
Asset turnover	0.06×	0.08×	0.17×	0.03×	0.17×	0.03×	0.03×	0.06×	0.09×	0.06×	0.05×	0.05×	0.04×	0.05×	0.02×	(0.04×)	0.15×	0.16×	0.25×	0.17×
Receivable days days	542	544	235	970	186	836	653	376	331	625	699	680	744	697	1,525	(1,074)	367	307	154	122
Inventory days days	4,193	1,770	834	8,349	1,143	14,859	6,466	2,870	1,130	1,711	2,275	2,157	3,038	1,923	1,951	(6,340)	320	450	465	1,256
Payable days days	2,443	651	271	2,491	301	3,886	1,640	683	286	322	209	116	149	101	96	—	8	13	33	162
Cash conversion cycle days	2,285	1,662	797	6,822	1,028	11,799	5,474	2,562	1,175	2,013	2,763	2,721	3,633	2,519	3,379	(7,238)	679	744	586	1,216
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	—	—	—	—	—	—	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×	—	—	—	—	—	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.

PACE: frequently asked questions

What is PACE's EPS?

Pace (Pakistan) Limited reported basic earnings per share of Rs 3.98 for FY2026 (Jul 2025 – Jun 2026).

What is PACE's P/E ratio?

At the closing price of Rs 9.99 on 16 Oct 2026, PACE trades at a P/E of 2.5× based on EPS of Rs 3.98 (FY2026).

Does PACE pay dividends?

Pace (Pakistan) Limited did not declare a cash dividend for FY2026.

What was PACE's revenue and profit in FY2026?

Pace (Pakistan) Limited reported revenue of Rs 792.2 mn and profit attributable to shareholders of Rs 1.2 bn for FY2026 (Jul 2025 – Jun 2026).

What is PACE's book value per share?

Pace (Pakistan) Limited's book value per share was Rs 5.20 at the end of FY2026. The shares trade at 1.92× book value.

Information only, not investment advice.