SHEZ Shezan International Limited

Shezan International Limited (SHEZ) financial ratios

Shezan International Limited earned a net margin of 3.7% in FY2026 against a five-year average of 0.2% (Food & Personal Care Products median 3.0%). Return on equity was 20.6%, compared with a sector median of 12.0%. The current ratio stood at 1.29× and debt was 77.1% of equity. Cash took about 73 days to cycle through receivables, inventory and payables.

FY2026 vs the Food & Personal Care Products median

Gross margin: 27.0%; Sector median 20.8%
Operating margin: 6.9%; Sector median 7.3%
Net margin: 3.7%; Sector median 3.0%
Return on equity (ROE): 20.6%; Sector median 12.0%
Return on assets (ROA): 8.1%; Sector median 4.5%
Current ratio: 1.29×; Sector median 1.21×
Debt to equity: 77.1%; Sector median 31.9%
Asset turnover: 2.19×; Sector median 1.30×
Dividend payout ratio: 19.1%; Sector median 8.4%

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

SHEZ 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	27.0%	23.5%	18.6%	22.6%	20.6%	20.2%	13.7%	18.6%	26.8%	27.7%	26.5%	27.4%	28.9%	29.0%	26.8%	24.0%	24.7%	25.7%	31.5%	31.5%
EBITDA margin	8.8%	6.7%	1.8%	6.5%	5.8%	8.4%	2.4%	5.3%	9.1%	8.1%	6.1%	7.4%	7.8%	9.4%	8.2%	7.4%	7.0%	8.0%	12.3%	13.9%
Operating margin	6.9%	4.6%	(0.8%)	3.8%	2.8%	4.1%	(2.1%)	1.9%	6.4%	5.0%	3.0%	4.7%	5.7%	7.1%	7.1%	6.1%	5.7%	6.6%	10.9%	12.4%
Pre-tax margin	4.6%	1.8%	(5.7%)	2.0%	2.3%	2.7%	(4.1%)	2.0%	6.5%	5.1%	3.0%	4.6%	5.9%	6.9%	6.3%	5.0%	4.7%	5.9%	10.9%	11.8%
Net margin	3.7%	1.8%	(5.7%)	0.4%	1.0%	1.9%	(3.2%)	1.5%	5.3%	3.6%	2.9%	4.3%	3.8%	4.4%	4.1%	3.3%	1.4%	1.6%	6.5%	6.5%
Effective tax rate	19.9%	2.9%	—	77.4%	57.1%	32.0%	—	25.6%	19.3%	28.4%	4.5%	6.2%	35.2%	36.8%	34.8%	33.2%	70.8%	72.4%	39.9%	45.4%
Returns
Return on equity (ROE)	20.6%	10.9%	(26.4%)	1.8%	3.8%	6.1%	(11.3%)	5.0%	18.2%	13.4%	10.9%	18.2%	18.4%	20.5%	20.1%	15.6%	5.9%	5.9%	23.7%	24.1%
Return on assets (ROA)	8.1%	3.9%	(10.1%)	0.8%	1.7%	2.8%	(5.1%)	2.5%	10.2%	7.6%	5.8%	9.7%	10.5%	11.1%	10.0%	7.9%	3.2%	3.3%	13.3%	13.3%
Return on invested capital (ROIC)	16.7%	12.7%	—	2.9%	3.8%	6.0%	—	5.4%	16.1%	12.1%	10.5%	17.5%	17.5%	19.1%	18.3%	15.1%	5.8%	5.8%	22.7%	21.8%
Liquidity
Current ratio	1.29×	1.18×	1.09×	1.23×	1.19×	1.12×	1.10×	1.32×	1.52×	1.63×	1.63×	1.58×	1.65×	1.65×	1.71×	1.64×	1.95×	2.13×	1.93×	1.91×
Quick ratio	0.49×	0.42×	0.31×	0.40×	0.25×	0.37×	0.32×	0.49×	0.54×	0.63×	0.60×	0.50×	0.57×	0.53×	0.47×	0.37×	0.69×	0.67×	0.60×	0.51×
Leverage
Debt to equity	77.1%	68.0%	92.2%	72.2%	57.1%	69.4%	68.2%	40.5%	24.0%	18.9%	23.8%	33.6%	10.9%	11.8%	27.8%	25.7%	17.7%	4.5%	3.8%	10.6%
Debt to capital	43.5%	40.5%	48.0%	41.9%	36.3%	41.0%	40.5%	28.8%	19.3%	15.9%	19.2%	25.1%	9.9%	10.6%	21.8%	20.5%	15.0%	4.3%	3.6%	9.6%
Debt to assets	31.2%	25.6%	30.8%	30.8%	25.9%	31.8%	30.2%	18.8%	13.1%	10.9%	13.4%	17.0%	6.1%	6.8%	14.1%	12.6%	9.3%	2.6%	2.1%	5.9%
Assets to equity	2.55×	2.81×	2.60×	2.27×	2.19×	2.22×	2.20×	1.99×	1.79×	1.76×	1.88×	1.89×	1.76×	1.84×	2.00×	1.98×	1.83×	1.76×	1.78×	1.82×
Efficiency
Asset turnover	2.19×	2.19×	1.79×	1.83×	1.78×	1.47×	1.59×	1.70×	1.93×	2.11×	2.04×	2.23×	2.72×	2.54×	2.44×	2.37×	2.37×	2.05×	2.03×	2.05×
Receivable days days	32	27	36	31	28	32	31	38	40	38	32	27	21	21	15	13	20	26	24	17
Inventory days days	107	107	121	123	116	119	99	106	108	95	102	99	84	103	120	115	112	132	141	147
Payable days days	66	71	65	53	48	51	47	50	40	24	28	31	26	29	37	40	38	41	38	36
Cash conversion cycle days	73	64	92	101	95	100	84	94	108	109	106	95	78	94	98	88	94	117	127	128
Dividends
Dividend payout ratio	19.1%	0.0%	—	124.6%	60.5%	0.0%	—	105.9%	27.3%	41.6%	37.0%	29.8%	28.0%	26.5%	26.0%	25.6%	74.6%	81.1%	37.2%	35.5%
Earnings retention rate	0.81×	1.00×	—	(0.25×)	0.40×	1.00×	—	(0.06×)	0.73×	0.58×	0.63×	0.70×	0.72×	0.74×	0.74×	0.74×	0.25×	0.19×	0.63×	0.64×

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.

SHEZ: frequently asked questions

What is SHEZ's EPS?

Shezan International Limited reported basic earnings per share of Rs 36.69 for FY2026 (Jul 2025 – Jun 2026).

What is SHEZ's P/E ratio?

At the closing price of Rs 274.90 on 16 Oct 2026, SHEZ trades at a P/E of 7.5× based on EPS of Rs 36.69 (FY2026).

Does SHEZ pay dividends?

Yes. Shezan International Limited declared a dividend of Rs 13.50 per share for FY2026. It has paid a dividend in each of the last 2 years. At Rs 274.90 that is a dividend yield of 4.9%.

What was SHEZ's revenue and profit in FY2026?

Shezan International Limited reported revenue of Rs 9.6 bn and profit attributable to shareholders of Rs 354.6 mn for FY2026 (Jul 2025 – Jun 2026).

What is SHEZ's book value per share?

Shezan International Limited's book value per share was Rs 193.15 at the end of FY2026. The shares trade at 1.42× book value.

Information only, not investment advice.