SRVI Service Industries Limited

Service Industries Limited (SRVI) financial ratios

Service Industries Limited earned a net margin of 10.2% in FY2025 against a five-year average of 4.2% (Leather & Tanneries median -1.8%). Return on equity was 43.6%, compared with a sector median of 24.8%. The current ratio stood at 1.06× and debt was 188.0% of equity. Cash took about 109 days to cycle through receivables, inventory and payables.

FY2025 vs the Leather & Tanneries median

Gross margin: 23.6%; Sector median 17.2%
Operating margin: 12.9%; Sector median -23.9%
Net margin: 10.2%; Sector median -1.8%
Return on equity (ROE): 43.6%; Sector median 24.8%
Return on assets (ROA): 12.2%; Sector median 1.1%
Current ratio: 1.06×; Sector median 0.97×
Debt to equity: 188.0%; Sector median 99.7%
Asset turnover: 1.20×; Sector median 0.73×
Dividend payout ratio: 28.9%; Sector median 28.9%

Median of the 6 companies in the sector with the figure for their latest fiscal year.

SRVI 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	23.6%	24.6%	22.6%	16.6%	16.4%	20.2%	19.0%	17.8%	16.8%	19.8%	17.0%	16.3%	15.9%	12.7%	13.6%	13.7%	20.7%	16.2%	15.7%	15.1%
EBITDA margin	15.7%	17.2%	16.2%	10.2%	8.8%	11.9%	10.4%	8.9%	8.4%	10.8%	10.4%	8.8%	8.5%	5.6%	7.8%	8.1%	14.9%	10.9%	9.5%	8.8%
Operating margin	12.9%	14.3%	13.0%	6.4%	5.8%	8.7%	7.4%	6.3%	6.2%	8.7%	8.6%	7.3%	7.1%	4.1%	6.4%	6.7%	13.6%	9.4%	7.7%	7.3%
Pre-tax margin	9.4%	8.6%	5.4%	(0.0%)	2.9%	6.4%	5.2%	4.4%	4.8%	7.7%	7.2%	5.7%	5.1%	1.6%	4.6%	5.2%	12.2%	7.5%	5.2%	3.8%
Net margin	10.2%	6.3%	4.5%	(1.9%)	1.8%	4.3%	4.5%	4.2%	4.1%	6.6%	5.4%	4.7%	4.2%	1.0%	3.8%	2.8%	7.9%	5.5%	4.4%	2.0%
Effective tax rate	(7.9%)	27.9%	18.3%	—	37.5%	28.6%	14.7%	13.7%	14.3%	15.2%	25.3%	18.1%	17.1%	33.8%	18.9%	46.2%	35.0%	26.7%	15.9%	45.9%
Returns
Return on equity (ROE)	43.6%	31.9%	28.9%	(6.3%)	7.3%	18.1%	23.4%	20.7%	19.3%	31.2%	28.8%	28.6%	27.7%	6.3%	23.3%	16.3%	47.4%	39.0%	28.7%	—
Return on assets (ROA)	12.2%	8.0%	5.5%	(1.8%)	1.7%	5.0%	6.6%	6.0%	6.1%	11.0%	10.0%	9.8%	9.2%	2.1%	8.5%	6.4%	17.4%	12.1%	8.1%	—
Return on invested capital (ROIC)	13.9%	11.7%	13.8%	—	4.1%	9.4%	13.7%	11.5%	10.9%	18.5%	18.2%	18.8%	18.5%	7.6%	21.8%	15.2%	32.0%	26.8%	21.7%	—
Liquidity
Current ratio	1.06×	1.02×	1.02×	0.96×	1.09×	1.26×	1.13×	1.09×	1.13×	1.10×	1.21×	1.22×	1.29×	1.26×	1.26×	1.31×	1.46×	1.28×	1.28×	1.26×
Quick ratio	0.69×	0.58×	0.50×	0.40×	0.55×	0.80×	0.60×	0.64×	0.62×	0.69×	0.66×	0.62×	0.62×	0.66×	0.62×	0.71×	0.74×	0.64×	0.70×	0.65×
Leverage
Debt to equity	188.0%	249.0%	264.9%	283.9%	187.4%	150.0%	190.9%	164.9%	157.5%	101.9%	76.8%	109.2%	87.6%	126.8%	95.7%	85.2%	62.5%	118.7%	130.1%	197.6%
Debt to capital	65.3%	71.3%	72.6%	74.0%	65.2%	60.0%	65.6%	62.2%	61.2%	50.5%	43.4%	52.2%	46.7%	55.9%	48.9%	46.0%	38.4%	54.3%	56.5%	66.4%
Debt to assets	56.2%	58.6%	58.5%	59.2%	52.7%	48.5%	51.8%	49.3%	46.7%	35.2%	27.7%	36.5%	30.6%	39.9%	34.2%	31.9%	26.0%	37.0%	40.1%	50.1%
Assets to equity	3.70×	4.37×	4.65×	4.17×	3.37×	3.32×	3.53×	3.35×	3.14×	2.84×	2.87×	2.93×	3.00×	2.99×	2.74×	2.54×	2.73×	3.22×	3.56×	—
Efficiency
Asset turnover	1.20×	1.27×	1.21×	0.96×	0.93×	1.17×	1.46×	1.41×	1.46×	1.67×	1.86×	2.08×	2.19×	2.02×	2.27×	2.30×	2.20×	2.21×	1.83×	—
Receivable days days	51	49	51	59	68	84	79	83	80	63	54	57	59	66	53	49	55	59	71	—
Inventory days days	88	95	106	118	105	96	80	78	74	68	70	70	71	74	64	61	75	66	76	—
Payable days days	29	31	31	37	42	40	30	32	33	56	56	34	32	31	30	27	31	33	37	—
Cash conversion cycle days	109	113	126	139	131	139	129	130	121	76	67	93	98	109	87	84	99	93	110	—
Dividends
Dividend payout ratio	28.9%	37.1%	9.6%	—	53.5%	10.7%	37.3%	25.0%	30.0%	38.7%	47.7%	23.3%	19.4%	70.8%	34.7%	57.2%	24.7%	25.7%	27.2%	30.9%
Earnings retention rate	0.71×	0.63×	0.90×	—	0.46×	0.89×	0.63×	0.75×	0.70×	0.61×	0.52×	0.77×	0.81×	0.29×	0.65×	0.43×	0.75×	0.74×	0.73×	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.

SRVI: frequently asked questions

What is SRVI's EPS?

Service Industries Limited reported basic earnings per share of Rs 18.64 for FY2025 (Jan – Dec 2025).

What is SRVI's P/E ratio?

At the closing price of Rs 176.91 on 16 Oct 2026, SRVI trades at a P/E of 9.5× based on EPS of Rs 18.64 (FY2025).

Does SRVI pay dividends?

Yes. Service Industries Limited declared a dividend of Rs 1.75 per share for FY2025. It has paid a dividend in each of the last 20 years. At Rs 176.91 that is a dividend yield of 1.0%.

What was SRVI's revenue and profit in FY2025?

Service Industries Limited reported revenue of Rs 148.4 bn and profit attributable to shareholders of Rs 8.8 bn for FY2025 (Jan – Dec 2025).

What is SRVI's book value per share?

Service Industries Limited's book value per share was Rs 49.39 at the end of FY2025. The shares trade at 3.58× book value.

Information only, not investment advice.