SHSML Shahmurad Sugar Mills Limited

Shahmurad Sugar Mills Limited (SHSML) financial ratios

Shahmurad Sugar Mills Limited earned a net margin of 3.9% in FY2025 against a five-year average of 6.3% (Sugar & Allied Industries median 0.6%). Return on equity was 7.6%, compared with a sector median of 2.0%. The current ratio stood at 1.67× and debt was 48.9% of equity. Cash took about 93 days to cycle through receivables, inventory and payables.

FY2025 vs the Sugar & Allied Industries median

Gross margin: 10.6%; Sector median 9.9%
Operating margin: 9.5%; Sector median 6.4%
Net margin: 3.9%; Sector median 0.6%
Return on equity (ROE): 7.6%; Sector median 2.0%
Return on assets (ROA): 4.1%; Sector median 0.6%
Current ratio: 1.67×; Sector median 0.93×
Debt to equity: 48.9%; Sector median 60.7%
Asset turnover: 1.05×; Sector median 1.01×
Dividend payout ratio: 32.4%; Sector median 0.0%

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

SHSML 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	FY2006 Oct 2005 – Sep 2006
Profitability
Gross margin	10.6%	8.5%	24.6%	19.4%	7.7%	14.3%	21.2%	11.2%	11.5%	11.3%	15.5%	16.5%	10.7%	12.7%	16.9%	13.1%	20.6%	24.6%	18.7%	14.1%
EBITDA margin	11.8%	10.2%	22.5%	15.6%	9.3%	14.2%	20.5%	12.5%	4.7%	7.9%	12.5%	13.0%	8.7%	10.4%	14.8%	11.4%	18.4%	20.5%	18.4%	14.5%
Operating margin	9.5%	8.0%	20.9%	13.6%	5.8%	10.9%	16.7%	9.9%	2.1%	5.7%	10.0%	10.8%	6.7%	8.4%	12.5%	9.2%	15.4%	16.9%	12.9%	9.9%
Pre-tax margin	6.4%	0.3%	19.3%	11.0%	3.0%	8.4%	14.3%	7.6%	(1.5%)	2.9%	5.1%	4.5%	1.5%	2.1%	2.0%	1.5%	4.0%	6.7%	(0.9%)	0.7%
Net margin	3.9%	0.2%	16.7%	9.3%	1.4%	6.8%	12.7%	8.3%	0.1%	2.1%	3.6%	4.2%	1.6%	2.7%	2.0%	0.9%	3.1%	7.2%	(0.5%)	1.0%
Effective tax rate	39.3%	38.0%	13.2%	16.1%	54.5%	18.4%	11.0%	(9.7%)	—	26.4%	29.7%	6.8%	(8.7%)	(30.8%)	(1.3%)	42.2%	21.2%	(7.3%)	—	(36.9%)
Returns
Return on equity (ROE)	7.6%	0.4%	38.6%	30.9%	2.9%	16.6%	31.3%	24.0%	0.4%	7.4%	11.5%	16.7%	8.2%	14.2%	9.7%	4.4%	12.1%	32.5%	(1.8%)	4.2%
Return on assets (ROA)	4.1%	0.2%	21.5%	14.4%	1.3%	7.0%	11.9%	7.2%	0.1%	2.8%	3.8%	5.4%	2.3%	3.2%	2.2%	1.2%	2.9%	5.6%	(0.3%)	0.7%
Return on invested capital (ROIC)	7.4%	5.9%	30.9%	20.1%	3.2%	10.8%	16.6%	11.4%	—	6.5%	9.0%	15.0%	12.0%	16.7%	17.6%	8.5%	12.7%	17.0%	—	11.8%
Liquidity
Current ratio	1.67×	1.55×	1.58×	1.21×	1.08×	1.11×	1.04×	0.92×	1.02×	0.99×	1.02×	0.96×	0.87×	0.92×	0.98×	0.90×	1.12×	1.18×	1.06×	1.04×
Quick ratio	1.16×	0.71×	0.92×	0.60×	0.18×	0.76×	0.57×	0.35×	0.29×	0.16×	0.26×	0.12×	0.23×	0.07×	0.06×	0.15×	0.18×	0.37×	0.29×	0.54×
Leverage
Debt to equity	48.9%	50.5%	37.2%	90.9%	93.5%	107.7%	111.0%	165.4%	268.9%	86.1%	157.2%	167.7%	199.9%	236.7%	269.5%	213.9%	210.7%	357.2%	475.0%	384.9%
Debt to capital	32.8%	33.5%	27.1%	47.6%	48.3%	51.8%	52.6%	62.3%	72.9%	46.3%	61.1%	62.6%	66.7%	70.3%	72.9%	68.1%	67.8%	78.1%	82.6%	79.4%
Debt to assets	26.4%	27.1%	22.7%	41.9%	43.9%	45.5%	46.8%	55.6%	67.6%	37.4%	50.8%	56.0%	60.4%	59.6%	53.0%	57.7%	61.4%	66.5%	73.6%	63.5%
Assets to equity	1.86×	1.74×	1.80×	2.15×	2.25×	2.37×	2.63×	3.31×	3.13×	2.69×	3.05×	3.13×	3.63×	4.49×	4.42×	3.57×	4.21×	5.83×	6.26×	6.14×
Efficiency
Asset turnover	1.05×	1.16×	1.28×	1.55×	0.94×	1.03×	0.94×	0.87×	0.95×	1.30×	1.06×	1.26×	1.39×	1.17×	1.07×	1.39×	0.92×	0.77×	0.55×	0.69×
Receivable days days	32	22	27	24	49	71	79	68	41	17	22	23	18	10	15	16	41	53	54	56
Inventory days days	85	84	92	98	114	78	122	152	152	112	165	129	116	182	190	98	160	195	198	133
Payable days days	24	29	40	27	42	47	52	42	46	51	50	29	11	0	0	4	7	0	2	8
Cash conversion cycle days	93	78	79	95	121	102	149	177	146	77	137	122	123	192	205	110	194	247	250	182
Dividends
Dividend payout ratio	32.4%	806.1%	22.1%	16.6%	186.8%	47.2%	12.3%	1.8%	697.4%	59.1%	49.2%	14.0%	34.6%	14.5%	23.5%	81.5%	35.0%	12.4%	—	0.0%
Earnings retention rate	0.68×	(7.06×)	0.78×	0.83×	(0.87×)	0.53×	0.88×	0.98×	(5.97×)	0.41×	0.51×	0.86×	0.65×	0.85×	0.76×	0.18×	0.65×	0.88×	—	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.

SHSML: frequently asked questions

What is SHSML's EPS?

Shahmurad Sugar Mills Limited reported basic earnings per share of Rs 43.15 for FY2025 (Oct 2024 – Sep 2025).

What is SHSML's P/E ratio?

At the closing price of Rs 343.04 on 15 Oct 2026, SHSML trades at a P/E of 7.9× based on EPS of Rs 43.15 (FY2025).

Does SHSML pay dividends?

Yes. Shahmurad Sugar Mills Limited declared a dividend of Rs 20.00 per share for FY2025. At Rs 343.04 that is a dividend yield of 5.8%.

What was SHSML's revenue and profit in FY2025?

Shahmurad Sugar Mills Limited reported revenue of Rs 23.5 bn and profit attributable to shareholders of Rs 911.4 mn for FY2025 (Oct 2024 – Sep 2025).

What is SHSML's book value per share?

Shahmurad Sugar Mills Limited's book value per share was Rs 584.17 at the end of FY2025. The shares trade at 0.59× book value.

Information only, not investment advice.