ACPL Attock Cement Pakistan Limited

Attock Cement Pakistan Limited (ACPL) financial ratios

Attock Cement Pakistan Limited earned a net margin of 7.7% in FY2026 against a five-year average of 7.0% (Cement median 12.5%). Return on equity was 14.5%, compared with a sector median of 15.4%. The current ratio stood at 0.93× and debt was 43.2% of equity. Cash took about 79 days to cycle through receivables, inventory and payables.

FY2026 vs the Cement median

Gross margin: 27.3%; Sector median 26.5%
Operating margin: 12.5%; Sector median 19.4%
Net margin: 7.7%; Sector median 12.5%
Return on equity (ROE): 14.5%; Sector median 15.4%
Return on assets (ROA): 6.8%; Sector median 8.0%
Current ratio: 0.93×; Sector median 1.19×
Debt to equity: 43.2%; Sector median 34.0%
Asset turnover: 0.88×; Sector median 0.56×
Dividend payout ratio: 0.0%; Sector median 6.6%

Median of the 19 companies in the sector with the figure for their latest fiscal year.

ACPL 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	27.3%	23.9%	18.6%	22.3%	18.1%	22.5%	24.4%	23.1%	29.5%	40.0%	40.1%	33.6%	29.5%	30.7%	27.7%	20.2%	25.5%	31.8%	22.3%	34.1%
EBITDA margin	16.6%	14.9%	10.1%	15.9%	13.3%	15.4%	18.1%	17.0%	23.2%	31.7%	31.2%	24.8%	22.3%	24.6%	21.3%	14.7%	20.2%	29.2%	24.4%	36.5%
Operating margin	12.5%	9.7%	6.4%	11.2%	8.0%	11.9%	14.1%	13.2%	20.0%	28.8%	28.1%	21.6%	19.1%	21.5%	18.4%	11.5%	16.6%	23.7%	16.4%	28.4%
Pre-tax margin	11.9%	8.6%	20.4%	11.0%	9.6%	9.8%	12.5%	11.6%	18.9%	30.2%	30.4%	24.6%	21.0%	23.3%	19.1%	12.1%	18.1%	23.4%	13.5%	26.2%
Net margin	7.7%	5.2%	12.5%	6.0%	3.7%	8.3%	10.7%	10.0%	26.5%	20.6%	20.8%	16.9%	16.1%	18.6%	13.5%	8.0%	8.3%	17.5%	8.7%	8.6%
Effective tax rate	35.3%	39.4%	38.8%	46.1%	60.8%	15.4%	14.2%	13.7%	(40.6%)	31.7%	31.8%	31.5%	23.6%	20.2%	29.4%	33.8%	54.4%	24.9%	35.5%	67.2%
Returns
Return on equity (ROE)	14.5%	7.9%	17.6%	7.5%	2.6%	10.8%	10.6%	12.9%	32.5%	27.1%	29.8%	25.4%	24.7%	29.6%	23.2%	12.2%	12.4%	35.9%	12.6%	12.3%
Return on assets (ROA)	6.8%	3.3%	7.4%	3.3%	1.8%	6.8%	8.3%	7.2%	18.0%	17.0%	21.7%	18.3%	17.8%	21.8%	17.3%	9.2%	9.0%	23.2%	7.5%	7.3%
Return on invested capital (ROIC)	11.0%	7.6%	11.3%	5.0%	3.6%	7.9%	8.8%	10.9%	24.3%	22.8%	29.8%	25.4%	24.7%	29.6%	23.2%	12.4%	12.9%	34.0%	13.8%	10.6%
Liquidity
Current ratio	0.93×	0.75×	0.76×	0.87×	1.23×	1.25×	1.08×	0.89×	0.89×	0.71×	2.63×	2.75×	2.57×	2.80×	2.51×	1.70×	2.62×	2.43×	1.51×	1.27×
Quick ratio	0.49×	0.30×	0.43×	0.60×	0.46×	0.82×	0.55×	0.49×	0.42×	0.38×	1.92×	1.96×	1.81×	1.87×	1.04×	0.34×	1.67×	1.36×	0.46×	0.65×
Leverage
Debt to equity	43.2%	61.2%	71.3%	53.7%	47.8%	30.3%	24.7%	36.8%	37.8%	28.5%	0.1%	0.1%	0.2%	0.1%	0.0%	—	—	13.0%	23.3%	29.5%
Debt to capital	30.2%	38.0%	41.6%	34.9%	32.3%	23.3%	19.8%	26.9%	27.4%	22.2%	0.1%	0.1%	0.2%	0.1%	0.0%	—	—	11.5%	18.9%	22.8%
Debt to assets	21.2%	27.3%	28.9%	23.3%	25.2%	17.8%	16.2%	22.8%	21.9%	16.8%	0.1%	0.1%	0.1%	0.1%	0.0%	—	—	8.9%	14.0%	17.3%
Assets to equity	2.13×	2.35×	2.39×	2.07×	1.80×	1.62×	1.57×	1.66×	1.71×	1.55×	1.38×	1.39×	1.39×	1.35×	1.34×	1.32×	1.38×	1.55×	1.68×	1.68×
Efficiency
Asset turnover	0.88×	0.64×	0.59×	0.56×	0.48×	0.81×	0.77×	0.72×	0.68×	0.82×	1.04×	1.08×	1.11×	1.17×	1.28×	1.16×	1.09×	1.33×	0.86×	0.86×
Receivable days days	26	41	52	55	76	53	56	55	40	17	10	11	11	11	7	6	6	9	18	10
Inventory days days	83	103	82	120	155	82	85	81	88	80	81	73	67	80	91	78	71	71	78	64
Payable days days	30	28	14	11	18	17	17	13	12	11	10	9	21	46	33	7	9	13	16	13
Cash conversion cycle days	79	116	120	164	213	118	123	124	116	87	82	75	57	44	66	76	68	67	80	60
Dividends
Dividend payout ratio	0.0%	63.5%	15.4%	54.4%	38.6%	27.0%	25.6%	26.5%	20.8%	51.0%	49.5%	54.5%	73.9%	60.5%	51.2%	56.9%	61.0%	24.2%	24.9%	82.9%
Earnings retention rate	1.00×	0.36×	0.85×	0.46×	0.61×	0.73×	0.74×	0.73×	0.79×	0.49×	0.50×	0.46×	0.26×	0.39×	0.49×	0.43×	0.39×	0.76×	0.75×	0.17×

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.

ACPL: frequently asked questions

What is ACPL's EPS?

Attock Cement Pakistan Limited reported basic earnings per share of Rs 24.86 for FY2026 (Jul 2025 – Jun 2026).

What is ACPL's P/E ratio?

At the closing price of Rs 233.00 on 16 Oct 2026, ACPL trades at a P/E of 9.4× based on EPS of Rs 24.86 (FY2026).

Does ACPL pay dividends?

Yes. Attock Cement Pakistan Limited declared a dividend of Rs 0.50 per share for FY2026. It has paid a dividend in each of the last 20 years. At Rs 233.00 that is a dividend yield of 0.2%.

What was ACPL's revenue and profit in FY2026?

Attock Cement Pakistan Limited reported revenue of Rs 44.3 bn and profit attributable to shareholders of Rs 3.4 bn for FY2026 (Jul 2025 – Jun 2026).

What is ACPL's book value per share?

Attock Cement Pakistan Limited's book value per share was Rs 179.74 at the end of FY2026. The shares trade at 1.30× book value.

Information only, not investment advice.