SHJS Shahtaj Sugar Mills Limited

Shahtaj Sugar Mills Limited (SHJS) financial ratios

Shahtaj Sugar Mills Limited earned a net margin of 0.4% in FY2025 against a five-year average of 1.7% (Sugar & Allied Industries median 0.6%). Return on equity was 1.0%, compared with a sector median of 2.0%. The current ratio stood at 0.79× and debt was 127.0% of equity. Cash took about 77 days to cycle through receivables, inventory and payables.

FY2025 vs the Sugar & Allied Industries median

Gross margin: 9.9%; Sector median 9.9%
Operating margin: 5.6%; Sector median 6.4%
Net margin: 0.4%; Sector median 0.6%
Return on equity (ROE): 1.0%; Sector median 2.0%
Return on assets (ROA): 0.4%; Sector median 0.6%
Current ratio: 0.79×; Sector median 0.93×
Debt to equity: 127.0%; Sector median 60.7%
Asset turnover: 1.02×; Sector median 1.01×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 28 companies in the sector with the figure for their latest fiscal year.

SHJS financial ratios (annual) (Rs mn)
Rs mn	FY2025 Oct 2024 – Sep 2025	FY2024 Oct 2023 – Sep 2024	FY2023 Oct 2022 – Sep 2023	FY2022 Oct 2021 – Sep 2022	FY2021 Oct 2020 – Sep 2021	FY2020 Oct 2019 – Sep 2020	FY2019 Oct 2018 – Sep 2019	FY2018 Oct 2017 – Sep 2018	FY2017 Oct 2016 – Sep 2017	FY2016 Oct 2015 – Sep 2016	FY2015 Oct 2014 – Sep 2015	FY2014 Oct 2013 – Sep 2014	FY2013 Oct 2012 – Sep 2013	FY2012 Oct 2011 – Sep 2012	FY2011 Oct 2010 – Sep 2011	FY2010 Oct 2009 – Sep 2010	FY2009 Oct 2008 – Sep 2009	FY2008 Oct 2007 – Sep 2008	FY2007 Oct 2006 – Sep 2007
Profitability
Gross margin	9.9%	10.5%	16.8%	11.7%	12.8%	8.5%	9.1%	(2.7%)	11.4%	11.2%	3.1%	6.0%	3.4%	10.7%	13.9%	2.5%	20.6%	15.7%	11.9%
EBITDA margin	6.0%	6.7%	12.9%	7.8%	9.1%	3.8%	5.3%	(6.5%)	7.7%	8.1%	0.5%	4.5%	0.9%	8.1%	11.1%	1.0%	16.9%	11.8%	9.0%
Operating margin	5.6%	6.3%	12.6%	7.2%	8.6%	3.1%	4.2%	(7.8%)	6.6%	6.6%	(1.4%)	2.9%	0.2%	7.4%	10.3%	(0.1%)	15.8%	10.2%	7.4%
Pre-tax margin	0.4%	(2.1%)	6.7%	0.8%	4.5%	0.0%	1.4%	(8.6%)	5.4%	5.6%	(3.9%)	0.8%	(1.0%)	6.7%	9.4%	(1.7%)	15.5%	9.5%	6.9%
Net margin	0.4%	0.4%	4.3%	0.0%	3.2%	(1.3%)	0.7%	(8.4%)	2.5%	3.8%	(2.4%)	0.8%	(0.0%)	1.3%	8.1%	(2.7%)	15.2%	9.8%	7.0%
Effective tax rate	74.1%	—	38.3%	168.2%	38.6%	4,604.2%	87.2%	—	57.2%	37.9%	—	25.3%	—	82.8%	23.3%	—	2.9%	(5.0%)	(0.7%)
Returns
Return on equity (ROE)	1.0%	1.0%	12.7%	0.0%	8.1%	(2.4%)	2.0%	(39.7%)	11.7%	16.4%	(8.6%)	3.3%	(0.1%)	6.1%	38.6%	(11.6%)	51.8%	28.2%	—
Return on assets (ROA)	0.4%	0.4%	5.9%	0.0%	4.0%	(1.2%)	0.8%	(13.3%)	6.1%	10.4%	(5.6%)	2.5%	(0.1%)	4.8%	31.5%	(8.9%)	39.7%	22.6%	—
Return on invested capital (ROIC)	1.7%	—	11.7%	(5.2%)	8.1%	(145.8%)	1.4%	—	8.2%	13.2%	—	4.1%	—	6.9%	45.1%	—	51.9%	28.2%	—
Liquidity
Current ratio	0.79×	0.98×	1.00×	0.78×	0.83×	0.82×	0.84×	0.93×	1.50×	1.71×	1.32×	3.65×	3.98×	3.33×	5.92×	6.04×	3.45×	4.32×	5.55×
Quick ratio	0.26×	0.27×	0.18×	0.15×	0.21×	0.45×	0.47×	0.48×	0.50×	1.00×	0.38×	1.83×	1.76×	2.37×	1.56×	5.00×	3.10×	2.58×	4.57×
Leverage
Debt to equity	127.0%	132.1%	68.5%	117.0%	78.9%	74.4%	73.5%	229.6%	118.2%	25.3%	67.0%	15.6%	18.4%	0.0%	0.0%	0.0%	—	—	—
Debt to capital	56.0%	56.9%	40.6%	53.9%	44.1%	42.6%	42.4%	69.7%	54.2%	20.2%	40.1%	13.5%	15.6%	0.0%	0.0%	0.0%	—	—	—
Debt to assets	50.6%	51.2%	36.1%	48.5%	38.5%	37.8%	38.2%	59.3%	48.8%	18.5%	36.8%	12.2%	13.9%	0.0%	0.0%	0.0%	—	—	—
Assets to equity	2.54×	2.23×	2.14×	2.24×	2.01×	1.95×	2.40×	2.98×	1.91×	1.58×	1.54×	1.30×	1.33×	1.27×	1.23×	1.30×	1.30×	1.25×	—
Efficiency
Asset turnover	1.02×	1.18×	1.39×	1.05×	1.24×	0.95×	1.18×	1.59×	2.48×	2.73×	2.37×	3.07×	3.12×	3.54×	3.90×	3.37×	2.61×	2.29×	—
Receivable days days	20	13	13	23	22	38	40	33	23	23	22	14	7	6	6	4	9	13	—
Inventory days days	72	73	82	105	50	37	41	52	43	42	48	29	26	39	37	9	26	35	—
Payable days days	15	14	11	10	11	15	21	15	6	6	9	8	4	2	2	3	5	4	—
Cash conversion cycle days	77	73	84	118	62	60	59	69	60	59	61	34	29	43	41	10	30	44	—
Dividends
Dividend payout ratio	0.0%	523.1%	0.0%	5,576.2%	0.0%	—	0.0%	—	42.0%	0.0%	—	0.0%	—	121.7%	41.9%	—	19.6%	27.5%	35.9%
Earnings retention rate	1.00×	(4.23×)	1.00×	(54.76×)	1.00×	—	1.00×	—	0.58×	1.00×	—	1.00×	—	(0.22×)	0.58×	—	0.80×	0.72×	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.

SHJS: frequently asked questions

What is SHJS's EPS?

Shahtaj Sugar Mills Limited reported basic earnings per share of Rs 2.72 for FY2025 (Oct 2024 – Sep 2025).

What is SHJS's P/E ratio?

At the closing price of Rs 160.01 on 16 Oct 2026, SHJS trades at a P/E of 58.8× based on EPS of Rs 2.72 (FY2025).

Does SHJS pay dividends?

Yes. Shahtaj Sugar Mills Limited declared a dividend of Rs 1.25 per share for FY2025. At Rs 160.01 that is a dividend yield of 0.8%.

What was SHJS's revenue and profit in FY2025?

Shahtaj Sugar Mills Limited reported revenue of Rs 8.6 bn and profit attributable to shareholders of Rs 32.7 mn for FY2025 (Oct 2024 – Sep 2025).

What is SHJS's book value per share?

Shahtaj Sugar Mills Limited's book value per share was Rs 278.35 at the end of FY2025. The shares trade at 0.57× book value.

Information only, not investment advice.