PSEL Pakistan Services Limited

Pakistan Services Limited (PSEL) financial ratios

Pakistan Services Limited earned a net margin of 2.7% in FY2024 against a five-year average of -8.6% (Miscellaneous median 7.2%). Return on equity was 1.1%, compared with a sector median of 12.0%. The current ratio stood at 0.31× and debt was 25.2% of equity. Cash took about 52 days to cycle through receivables, inventory and payables.

FY2024 vs the Miscellaneous median

Gross margin: 34.1%; Sector median 32.7%
Operating margin: 11.6%; Sector median 11.8%
Net margin: 2.7%; Sector median 7.2%
Return on equity (ROE): 1.1%; Sector median 12.0%
Return on assets (ROA): 0.7%; Sector median 5.4%
Current ratio: 0.31×; Sector median 1.13×
Debt to equity: 25.2%; Sector median 32.5%
Asset turnover: 0.26×; Sector median 0.55×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 21 companies in the sector with the figure for their latest fiscal year.

PSEL financial ratios (annual) (Rs mn)
Rs mn	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	FY2006 Jul 2005 – Jun 2006	FY2005 Jul 2004 – Jun 2005
Profitability
Gross margin	34.1%	36.2%	35.9%	29.8%	29.7%	38.8%	45.2%	43.2%	44.3%	44.1%	42.1%	40.8%	40.7%	38.6%	35.2%	31.9%	36.3%	38.9%	37.1%	35.0%
EBITDA margin	17.4%	18.9%	20.7%	20.6%	9.1%	17.1%	22.5%	22.9%	27.5%	23.6%	28.2%	22.7%	24.1%	24.9%	20.5%	13.2%	18.4%	23.9%	24.9%	22.1%
Operating margin	11.6%	11.9%	13.1%	5.8%	(3.1%)	8.3%	16.3%	17.6%	21.8%	18.2%	23.4%	18.0%	19.8%	20.2%	14.4%	7.3%	13.5%	20.0%	19.9%	16.4%
Pre-tax margin	1.1%	(10.3%)	(2.7%)	(7.9%)	(24.2%)	(9.4%)	7.4%	15.3%	13.2%	18.6%	23.8%	9.8%	17.9%	19.9%	12.8%	(3.0%)	10.1%	20.1%	19.4%	14.1%
Net margin	2.7%	(11.8%)	(3.0%)	(6.4%)	(24.6%)	(14.3%)	3.8%	9.9%	6.7%	12.0%	17.3%	6.8%	11.9%	14.1%	8.6%	(5.8%)	5.3%	13.0%	18.0%	8.0%
Effective tax rate	(151.6%)	—	—	—	—	—	48.9%	35.4%	49.7%	35.5%	27.3%	30.2%	33.4%	29.5%	32.3%	—	47.9%	35.2%	7.1%	43.6%
Returns
Return on equity (ROE)	1.1%	(3.5%)	(0.9%)	(1.3%)	(6.0%)	(3.9%)	1.2%	3.1%	2.0%	3.3%	5.2%	1.9%	2.9%	3.1%	2.2%	(2.4%)	2.2%	6.0%	7.6%	3.8%
Return on assets (ROA)	0.7%	(2.4%)	(0.7%)	(0.8%)	(3.9%)	(2.8%)	0.9%	2.5%	1.7%	3.0%	4.7%	1.7%	2.6%	2.7%	1.9%	(1.9%)	1.8%	5.0%	6.1%	2.8%
Return on invested capital (ROIC)	11.1%	—	—	—	—	—	1.7%	2.6%	2.0%	3.3%	5.2%	2.1%	3.2%	3.4%	2.7%	—	2.7%	6.6%	8.4%	4.4%
Liquidity
Current ratio	0.31×	0.84×	1.08×	1.43×	0.87×	1.62×	1.87×	2.41×	1.02×	1.31×	1.19×	1.26×	0.96×	0.72×	0.53×	0.53×	1.06×	1.13×	1.28×	1.42×
Quick ratio	0.24×	0.70×	0.90×	0.98×	0.49×	0.90×	1.16×	1.90×	0.63×	1.17×	1.09×	1.14×	0.86×	0.65×	0.47×	0.48×	1.01×	1.07×	1.20×	1.37×
Leverage
Debt to equity	25.2%	36.3%	39.0%	53.1%	49.8%	45.1%	32.4%	24.0%	8.6%	2.5%	2.3%	2.7%	3.7%	4.0%	4.5%	8.7%	8.4%	7.0%	10.3%	13.9%
Debt to capital	20.1%	26.6%	28.1%	34.7%	33.3%	31.1%	24.5%	19.3%	7.9%	2.5%	2.3%	2.6%	3.5%	3.8%	4.3%	8.0%	7.7%	6.5%	9.3%	12.2%
Debt to assets	18.0%	23.8%	25.6%	32.4%	30.7%	28.9%	22.8%	18.1%	7.4%	2.3%	2.1%	2.5%	3.3%	3.6%	4.0%	6.8%	6.7%	5.7%	8.5%	10.9%
Assets to equity	1.46×	1.53×	1.57×	1.63×	1.59×	1.49×	1.37×	1.24×	1.13×	1.11×	1.11×	1.11×	1.12×	1.12×	1.18×	1.27×	1.24×	1.22×	1.25×	1.35×
Efficiency
Asset turnover	0.26×	0.21×	0.22×	0.13×	0.16×	0.20×	0.23×	0.25×	0.26×	0.25×	0.27×	0.25×	0.22×	0.19×	0.22×	0.32×	0.34×	0.38×	0.34×	0.35×
Receivable days days	54	60	43	61	51	47	100	99	40	55	58	62	67	53	38	38	39	34	26	16
Inventory days days	59	101	133	297	255	221	136	71	39	19	18	17	16	16	17	14	12	11	11	12
Payable days days	61	63	44	79	51	31	27	19	26	44	41	26	30	34	41	31	17	8	43	92
Cash conversion cycle days	52	97	132	278	255	237	209	151	54	31	35	53	54	35	14	21	34	36	(6)	(64)
Dividends
Dividend payout ratio	0.0%	—	—	—	—	—	121.5%	58.1%	52.8%	16.9%	0.0%	0.0%	0.0%	0.0%	0.0%	—	19.5%	5.0%	10.6%	31.1%
Earnings retention rate	1.00×	—	—	—	—	—	(0.22×)	0.42×	0.47×	0.83×	1.00×	1.00×	1.00×	1.00×	1.00×	—	0.80×	0.95×	0.89×	0.69×

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.

PSEL: frequently asked questions

What is PSEL's EPS?

Pakistan Services Limited reported basic earnings per share of Rs 13.16 for FY2024 (Jul 2023 – Jun 2024).

What is PSEL's P/E ratio?

At the closing price of Rs 991.00 on 16 Oct 2026, PSEL trades at a P/E of 75.3× based on EPS of Rs 13.16 (FY2024).

Does PSEL pay dividends?

Pakistan Services Limited did not declare a cash dividend for FY2024.

What was PSEL's revenue and profit in FY2024?

Pakistan Services Limited reported revenue of Rs 16.6 bn and profit attributable to shareholders of Rs 427.9 mn for FY2024 (Jul 2023 – Jun 2024).

What is PSEL's book value per share?

Pakistan Services Limited's book value per share was Rs 1,355.82 at the end of FY2024. The shares trade at 0.73× book value.

Information only, not investment advice.