Pakistan Oxygen Limited (PAKOXY) financial ratios

Pakistan Oxygen Limited earned a net margin of 12.8% in FY2025 against a five-year average of 6.6% (Chemical median 4.7%). Return on equity was 15.8%, compared with a sector median of 12.2%. The current ratio stood at 1.26× and debt was 34.3% of equity. Cash took about 26 days to cycle through receivables, inventory and payables.

FY2025 vs the Chemical median

Gross margin: 40.2%; Sector median 18.7%
Operating margin: 31.6%; Sector median 11.8%
Net margin: 12.8%; Sector median 4.7%
Return on equity (ROE): 15.8%; Sector median 12.2%
Return on assets (ROA): 8.4%; Sector median 7.1%
Current ratio: 1.26×; Sector median 1.46×
Debt to equity: 34.3%; Sector median 45.9%
Asset turnover: 0.66×; Sector median 1.05×
Dividend payout ratio: 0.0%; Sector median 19.3%

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

PAKOXY financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 * Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 * Jan – Dec 2007
Profitability
Gross margin	40.2%	27.0%	18.2%	18.2%	19.4%	19.9%	22.8%	22.8%	22.5%	22.7%	21.2%	18.1%	19.0%	25.5%	25.3%	27.1%	30.8%	34.1%	43.0%
EBITDA margin	38.3%	25.0%	16.4%	14.5%	16.1%	17.8%	19.6%	21.0%	17.9%	19.3%	17.4%	12.8%	13.9%	20.5%	19.0%	19.8%	25.8%	27.0%	35.7%
Operating margin	31.6%	18.1%	10.2%	9.2%	10.7%	11.0%	11.9%	13.4%	9.7%	10.6%	9.0%	5.4%	7.8%	13.3%	12.3%	12.8%	18.4%	20.9%	29.3%
Pre-tax margin	27.9%	10.1%	1.1%	6.5%	9.0%	8.2%	8.5%	11.1%	7.7%	7.8%	4.9%	4.5%	6.1%	8.4%	13.2%	14.8%	16.2%	22.3%	31.4%
Net margin	12.8%	6.3%	1.7%	5.8%	6.4%	6.2%	6.4%	8.2%	5.4%	5.5%	3.6%	3.2%	4.5%	7.4%	8.6%	9.3%	5.6%	18.0%	10.8%
Effective tax rate	54.2%	37.8%	(47.5%)	11.6%	28.8%	23.5%	24.3%	26.0%	29.4%	29.9%	26.6%	28.5%	26.1%	12.4%	34.7%	37.3%	65.6%	19.5%	65.5%
Returns
Return on equity (ROE)	15.8%	7.9%	1.8%	6.6%	9.5%	8.0%	7.5%	13.6%	12.7%	12.3%	8.3%	7.5%	10.7%	16.9%	17.1%	16.0%	8.7%	30.1%	—
Return on assets (ROA)	8.4%	3.8%	0.8%	3.1%	5.2%	4.8%	4.4%	6.8%	4.8%	4.5%	3.0%	2.9%	4.6%	8.6%	10.2%	10.0%	5.6%	19.2%	—
Return on invested capital (ROIC)	12.2%	8.5%	7.5%	5.4%	7.9%	8.3%	8.1%	11.3%	9.7%	9.8%	6.3%	4.9%	6.6%	11.7%	15.0%	13.9%	7.2%	23.9%	—
Liquidity
Current ratio	1.26×	1.04×	0.97×	1.06×	1.27×	1.22×	1.03×	0.89×	0.89×	0.75×	1.09×	0.86×	1.06×	1.17×	1.00×	1.81×	1.91×	2.01×	2.31×
Quick ratio	0.96×	0.78×	0.70×	0.72×	0.82×	0.83×	0.69×	0.64×	0.73×	0.56×	0.79×	0.61×	0.74×	0.79×	0.62×	1.31×	1.44×	1.30×	1.71×
Leverage
Debt to equity	34.3%	64.2%	85.3%	87.3%	53.2%	29.4%	32.9%	32.0%	70.9%	62.3%	76.2%	155.1%	151.9%	107.5%	18.0%	10.2%	20.3%	22.2%	30.0%
Debt to capital	25.6%	39.1%	46.0%	46.6%	34.7%	22.7%	24.8%	24.3%	41.5%	38.4%	43.2%	60.8%	60.3%	51.8%	15.3%	9.3%	16.9%	18.2%	23.1%
Debt to assets	19.5%	31.5%	39.5%	38.9%	27.1%	17.9%	19.3%	18.6%	27.4%	22.9%	28.1%	57.0%	61.7%	49.6%	10.3%	6.4%	12.8%	14.5%	18.8%
Assets to equity	1.88×	2.10×	2.20×	2.14×	1.81×	1.67×	1.71×	2.01×	2.65×	2.72×	2.72×	2.59×	2.31×	1.97×	1.68×	1.60×	1.56×	1.57×	—
Efficiency
Asset turnover	0.66×	0.60×	0.48×	0.54×	0.81×	0.77×	0.68×	0.82×	0.88×	0.82×	0.85×	0.89×	1.03×	1.17×	1.18×	1.08×	1.00×	1.07×	—
Receivable days days	87	97	117	106	80	96	104	88	91	90	72	51	34	24	25	29	31	28	—
Inventory days days	66	60	80	92	72	70	70	46	44	51	47	42	37	39	44	54	67	69	—
Payable days days	127	98	98	106	80	87	106	107	139	150	87	41	33	30	29	25	22	19	—
Cash conversion cycle days	26	60	99	92	72	78	68	28	(3)	(9)	31	51	38	33	39	58	77	79	—
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	16.7%	65.9%	36.5%	60.6%	80.0%	88.8%	75.9%	63.4%	66.7%	63.9%	174.8%	56.8%	138.1%
Earnings retention rate	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	0.83×	0.34×	0.63×	0.39×	0.20×	0.11×	0.24×	0.37×	0.33×	0.36×	(0.75×)	0.43×	(0.38×)

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.

PAKOXY: frequently asked questions

What is PAKOXY's EPS?

Pakistan Oxygen Limited reported basic earnings per share of Rs 19.16 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 28.11.

What is PAKOXY's P/E ratio?

At the closing price of Rs 371.97 on 16 Oct 2026, PAKOXY trades at a P/E of 13.2× based on EPS of Rs 28.11 (TTM to Jun 2026).

Does PAKOXY pay dividends?

Pakistan Oxygen Limited did not declare a cash dividend for FY2025.

What was PAKOXY's revenue and profit in FY2025?

Pakistan Oxygen Limited reported revenue of Rs 13.0 bn and profit attributable to shareholders of Rs 1.7 bn for FY2025 (Jan – Dec 2025).

What is PAKOXY's book value per share?

Pakistan Oxygen Limited's book value per share was Rs 134.60 at the end of FY2025. The shares trade at 2.42× book value.

Information only, not investment advice.