PKGP Pakgen Power Limited

Pakgen Power Limited (PKGP) financial ratios

Pakgen Power Limited earned a net margin of -36.0% in FY2025 against a five-year average of 8.8% (Power Generation & Distribution median 3.9%). Return on equity was -1.6%, compared with a sector median of 0.2%. The current ratio stood at 38.16× and debt was — of equity. Cash took about 3,040 days to cycle through receivables, inventory and payables.

FY2025 vs the Power Generation & Distribution median

Gross margin: -45.5%; Sector median 12.5%
Operating margin: -184.5%; Sector median 6.9%
Net margin: -36.0%; Sector median 3.9%
Return on equity (ROE): -1.6%; Sector median 0.2%
Return on assets (ROA): -1.5%; Sector median 0.1%
Current ratio: 38.16×; Sector median 2.32×
Asset turnover: 0.04×; Sector median 0.17×

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

PKGP 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	FY2006 Jan – Dec 2006
Profitability
Gross margin	(45.5%)	47.2%	27.2%	7.6%	8.4%	52.3%	37.5%	14.9%	10.0%	8.2%	30.3%	3.7%	5.6%	9.2%	7.3%	12.4%	21.8%	13.4%	20.8%	23.2%
EBITDA margin	(88.1%)	41.3%	33.2%	9.0%	11.6%	59.0%	42.7%	19.5%	14.7%	12.2%	37.0%	4.8%	6.5%	9.8%	7.9%	12.2%	20.5%	12.6%	19.6%	22.2%
Operating margin	(184.5%)	33.1%	28.6%	7.0%	6.9%	50.9%	35.3%	13.9%	10.1%	7.1%	27.9%	3.3%	5.1%	8.7%	6.7%	10.5%	20.5%	12.6%	19.6%	22.2%
Pre-tax margin	14.2%	42.0%	29.0%	6.8%	5.3%	41.4%	23.9%	9.2%	6.7%	3.2%	24.5%	1.8%	2.9%	6.0%	4.4%	7.6%	12.1%	9.4%	12.9%	14.9%
Net margin	(36.0%)	39.5%	28.1%	6.8%	5.3%	41.4%	23.9%	9.2%	6.7%	3.2%	24.5%	1.8%	2.9%	6.0%	4.4%	7.5%	12.1%	9.4%	12.8%	14.8%
Effective tax rate	352.6%	5.9%	3.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.9%	0.3%	0.1%	0.3%	0.6%
Returns
Return on equity (ROE)	(1.6%)	17.4%	23.5%	13.1%	4.6%	21.2%	16.3%	9.2%	8.6%	3.4%	10.8%	4.3%	7.8%	14.9%	10.1%	11.2%	—	—	—	—
Return on assets (ROA)	(1.5%)	15.7%	20.9%	12.0%	3.8%	14.5%	9.7%	5.3%	5.1%	2.0%	6.9%	2.9%	4.9%	8.9%	6.6%	8.4%	—	—	—	—
Return on invested capital (ROIC)	(1.6%)	16.4%	21.7%	14.0%	5.3%	18.3%	15.1%	8.7%	8.1%	4.9%	9.2%	5.8%	8.9%	13.9%	11.0%	14.6%	—	—	—	—
Liquidity
Current ratio	38.16×	32.22×	5.35×	16.26×	6.64×	3.46×	1.99×	1.75×	1.68×	1.69×	1.71×	1.91×	1.88×	1.61×	1.65×	2.10×	2.53×	—	—	—
Quick ratio	36.93×	28.07×	4.83×	13.58×	5.40×	3.16×	1.89×	1.63×	1.57×	1.57×	1.60×	1.71×	1.73×	1.52×	1.52×	2.01×	2.42×	—	—	—
Leverage
Debt to equity	—	0.0%	15.2%	2.8%	0.2%	26.4%	60.5%	68.5%	63.9%	56.4%	44.2%	36.6%	45.5%	62.3%	59.1%	33.3%	22.9%	—	—	—
Debt to capital	—	0.0%	13.2%	2.7%	0.2%	20.9%	37.7%	40.6%	39.0%	36.1%	30.7%	26.8%	31.3%	38.4%	37.1%	25.0%	18.6%	—	—	—
Debt to assets	—	0.0%	12.7%	2.6%	0.2%	20.2%	36.7%	39.7%	37.1%	33.7%	26.4%	25.1%	30.6%	36.9%	35.8%	23.7%	17.9%	—	—	—
Assets to equity	1.03×	1.11×	1.12×	1.09×	1.22×	1.46×	1.69×	1.72×	1.70×	1.67×	1.57×	1.47×	1.59×	1.67×	1.52×	1.34×	—	—	—	—
Efficiency
Asset turnover	0.04×	0.40×	0.74×	1.76×	0.72×	0.35×	0.40×	0.58×	0.76×	0.63×	0.28×	1.65×	1.68×	1.48×	1.52×	1.12×	—	—	—	—
Receivable days days	2,771	450	279	108	280	751	638	414	287	324	669	108	122	141	116	136	—	—	—	—
Inventory days days	279	172	74	32	59	120	62	34	25	27	92	13	10	12	11	10	—	—	—	—
Payable days days	10	8	4	14	37	45	21	18	18	11	50	7	1	2	3	9	—	—	—	—
Cash conversion cycle days	3,040	614	349	127	302	825	679	430	293	341	711	114	131	151	123	137	—	—	—	—
Dividends
Dividend payout ratio	—	58.3%	95.2%	17.8%	106.4%	19.0%	19.2%	37.6%	56.6%	144.0%	23.3%	60.8%	83.8%	55.0%	176.8%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings retention rate	—	0.42×	0.05×	0.82×	(0.06×)	0.81×	0.81×	0.62×	0.43×	(0.44×)	0.77×	0.39×	0.16×	0.45×	(0.77×)	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.

PKGP: frequently asked questions

What is PKGP's EPS?

Pakgen Power Limited reported basic earnings per share of Rs -0.92 for FY2025 (Jan – Dec 2025).

Does PKGP pay dividends?

Yes. Pakgen Power Limited declared a dividend of Rs 2.00 per share for FY2025. It has paid a dividend in each of the last 15 years. At Rs 33.75 that is a dividend yield of 5.9%.

What was PKGP's revenue and profit in FY2025?

Pakgen Power Limited reported revenue of Rs 925.4 mn and profit attributable to shareholders of -Rs 333.1 mn for FY2025 (Jan – Dec 2025).

What is PKGP's book value per share?

Pakgen Power Limited's book value per share was Rs 41.18 at the end of FY2025. The shares trade at 0.82× book value.

Information only, not investment advice.