TCORP Tariq Corporation Limited

Tariq Corporation Limited (TCORP) financial ratios

Tariq Corporation Limited earned a net margin of 0.5% in FY2025 against a five-year average of 0.5% (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 0.80× and debt was 17.6% of equity. Cash took about -29 days to cycle through receivables, inventory and payables.

FY2025 vs the Sugar & Allied Industries median

Gross margin: 2.6%; Sector median 9.9%
Operating margin: -2.7%; Sector median 6.4%
Net margin: 0.5%; 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: 0.80×; Sector median 0.93×
Debt to equity: 17.6%; Sector median 60.7%
Asset turnover: 0.89×; 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.

TCORP 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
Profitability
Gross margin	2.6%	(6.1%)	12.4%	7.6%	7.7%	10.0%	6.5%	9.4%	12.6%	7.8%	(10.4%)	(2.0%)	1.1%	6.6%	8.4%
EBITDA margin	(0.2%)	(8.5%)	9.6%	5.6%	6.5%	5.9%	5.2%	6.9%	11.2%	9.3%	(11.5%)	(6.1%)	(1.7%)	5.2%	6.5%
Operating margin	(2.7%)	(11.3%)	7.5%	3.0%	3.9%	1.4%	1.9%	2.5%	8.2%	5.1%	(17.8%)	(7.3%)	(4.4%)	3.6%	5.3%
Pre-tax margin	1.5%	(4.5%)	7.4%	(1.9%)	1.1%	(7.1%)	8.4%	1.2%	5.9%	3.1%	(20.9%)	(10.7%)	(9.7%)	0.8%	3.4%
Net margin	0.5%	0.3%	4.4%	(3.2%)	0.4%	(9.7%)	7.9%	1.3%	5.2%	3.7%	(21.0%)	(10.9%)	(8.5%)	0.2%	2.0%
Effective tax rate	68.6%	—	41.1%	—	65.5%	—	6.3%	(7.2%)	11.9%	(17.7%)	—	—	—	71.7%	41.4%
Returns
Return on equity (ROE)	1.0%	0.6%	11.0%	(7.1%)	0.8%	(10.7%)	13.3%	1.8%	9.4%	6.2%	(30.4%)	(29.5%)	(29.0%)	0.9%	—
Return on assets (ROA)	0.4%	0.3%	4.7%	(2.7%)	0.3%	(5.0%)	6.0%	0.8%	5.6%	3.3%	(12.9%)	(11.0%)	(10.5%)	0.5%	—
Return on invested capital (ROIC)	1.6%	—	12.0%	—	2.3%	—	12.5%	5.1%	9.3%	7.7%	—	—	—	2.7%	—
Liquidity
Current ratio	0.80×	0.70×	0.57×	0.61×	0.66×	0.80×	0.93×	0.78×	0.61×	0.61×	0.41×	0.39×	0.65×	0.56×	1.04×
Quick ratio	0.68×	0.52×	0.32×	0.16×	0.24×	0.46×	0.69×	0.33×	0.24×	0.24×	0.14×	0.23×	0.12×	0.23×	0.80×
Leverage
Debt to equity	17.6%	23.4%	30.5%	108.5%	96.3%	75.4%	50.4%	105.4%	54.9%	20.7%	33.0%	26.9%	181.1%	41.0%	64.2%
Debt to capital	15.0%	19.0%	23.4%	52.0%	49.1%	43.0%	33.5%	51.3%	35.4%	17.1%	24.8%	21.2%	64.4%	29.1%	39.1%
Debt to assets	7.9%	10.5%	16.1%	38.5%	40.5%	32.5%	26.1%	41.1%	28.3%	13.7%	13.1%	12.2%	47.5%	21.1%	34.0%
Assets to equity	2.24×	2.07×	2.29×	2.59×	2.35×	2.15×	2.22×	2.26×	1.70×	1.87×	2.36×	2.67×	2.76×	1.92×	—
Efficiency
Asset turnover	0.89×	0.89×	1.08×	0.85×	0.88×	0.51×	0.76×	0.63×	1.06×	0.90×	0.62×	1.01×	1.23×	2.11×	—
Receivable days days	95	53	11	17	39	107	72	57	10	12	25	19	16	9	—
Inventory days days	30	30	61	98	76	93	75	108	41	53	57	69	83	18	—
Payable days days	154	104	48	43	51	88	51	82	57	113	190	103	74	33	—
Cash conversion cycle days	(29)	(21)	24	72	64	112	96	83	(6)	(48)	(109)	(15)	25	(6)	—
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	—	0.0%	—	0.0%	0.0%	0.0%	0.0%	—	—	—	0.0%	0.0%
Earnings retention rate	1.00×	1.00×	1.00×	—	1.00×	—	1.00×	1.00×	1.00×	1.00×	—	—	—	1.00×	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.

TCORP: frequently asked questions

What is TCORP's EPS?

Tariq Corporation Limited reported basic earnings per share of Rs 0.54 for FY2025 (Oct 2024 – Sep 2025).

What is TCORP's P/E ratio?

At the closing price of Rs 19.63 on 16 Oct 2026, TCORP trades at a P/E of 36.6× based on EPS of Rs 0.54 (FY2025).

Does TCORP pay dividends?

Tariq Corporation Limited did not declare a cash dividend for FY2025.

What was TCORP's revenue and profit in FY2025?

Tariq Corporation Limited reported revenue of Rs 7.6 bn and profit attributable to shareholders of Rs 36.6 mn for FY2025 (Oct 2024 – Sep 2025).

What is TCORP's book value per share?

Tariq Corporation Limited's book value per share was Rs 55.29 at the end of FY2025. The shares trade at 0.36× book value.

Information only, not investment advice.