AGP Limited (AGP) financial ratios

AGP Limited earned a net margin of 15.0% in FY2025 against a five-year average of 13.9% (Pharmaceuticals median 9.4%). Return on equity was 25.9%, compared with a sector median of 21.7%. The current ratio stood at 1.01× and debt was 59.1% of equity. Cash took about 123 days to cycle through receivables, inventory and payables.

FY2025 vs the Pharmaceuticals median

Gross margin: 59.7%; Sector median 37.0%
Operating margin: 27.8%; Sector median 17.3%
Net margin: 15.0%; Sector median 9.4%
Return on equity (ROE): 25.9%; Sector median 21.7%
Return on assets (ROA): 14.1%; Sector median 11.7%
Current ratio: 1.01×; Sector median 1.79×
Debt to equity: 59.1%; Sector median 5.8%
Asset turnover: 0.94×; Sector median 1.26×
Dividend payout ratio: 45.0%; Sector median 32.8%

Median of the 14 companies in the sector with the figure for their latest fiscal year.

AGP 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
Profitability
Gross margin	59.7%	58.1%	53.6%	50.7%	55.5%	55.6%	58.5%	56.5%	60.8%	58.5%	57.7%	58.0%
EBITDA margin	29.6%	29.6%	24.6%	22.3%	28.8%	32.2%	35.3%	32.9%	36.4%	38.9%	34.4%	8.8%
Operating margin	27.8%	28.1%	22.9%	20.6%	26.5%	30.2%	33.2%	31.0%	34.1%	36.4%	34.4%	8.8%
Pre-tax margin	22.6%	17.6%	14.1%	16.9%	25.8%	27.7%	29.2%	26.5%	28.2%	27.8%	20.6%	(9.5%)
Net margin	15.0%	11.8%	9.7%	11.8%	21.1%	22.9%	23.1%	22.4%	26.1%	25.8%	17.2%	(17.4%)
Effective tax rate	33.5%	32.9%	30.8%	30.2%	18.1%	17.6%	20.7%	15.4%	7.5%	6.9%	16.8%	—
Returns
Return on equity (ROE)	25.9%	21.5%	14.2%	15.5%	17.5%	20.3%	20.9%	20.3%	25.2%	29.1%	22.4%	—
Return on assets (ROA)	14.1%	10.3%	8.2%	10.9%	12.5%	16.0%	15.6%	13.8%	14.5%	12.9%	8.0%	—
Return on invested capital (ROIC)	17.7%	17.7%	13.6%	14.0%	14.5%	19.0%	19.2%	17.3%	19.4%	18.5%	14.6%	—
Liquidity
Current ratio	1.01×	1.08×	1.16×	1.30×	1.62×	1.71×	1.64×	1.39×	1.27×	0.86×	0.86×	1.29×
Quick ratio	0.50×	0.48×	0.63×	0.64×	0.87×	0.92×	0.89×	0.79×	0.75×	0.60×	0.63×	0.60×
Leverage
Debt to equity	59.1%	74.7%	100.7%	29.5%	30.5%	13.0%	16.2%	28.7%	39.2%	79.3%	140.6%	175.2%
Debt to capital	37.1%	42.8%	50.2%	22.8%	23.4%	11.5%	13.9%	22.3%	28.2%	44.2%	58.4%	63.7%
Debt to assets	31.6%	37.1%	44.5%	19.9%	20.9%	10.5%	12.6%	20.4%	25.4%	39.8%	53.7%	57.1%
Assets to equity	1.94×	2.13×	1.89×	1.47×	1.36×	1.26×	1.34×	1.47×	1.74×	2.26×	2.82×	—
Efficiency
Asset turnover	0.94×	0.87×	0.84×	0.92×	0.59×	0.70×	0.67×	0.62×	0.55×	0.50×	0.46×	—
Receivable days days	34	36	42	35	52	52	59	67	63	49	31	—
Inventory days days	135	126	112	99	155	131	129	116	118	99	111	—
Payable days days	46	49	47	58	103	55	79	114	147	121	111	—
Cash conversion cycle days	123	113	106	76	103	128	109	69	33	27	32	—
Dividends
Dividend payout ratio	45.0%	42.0%	44.7%	35.7%	44.7%	35.3%	62.9%	29.0%	0.0%	0.0%	0.0%	—
Earnings retention rate	0.55×	0.58×	0.55×	0.64×	0.55×	0.65×	0.37×	0.71×	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.

AGP: frequently asked questions

What is AGP's EPS?

AGP Limited reported basic earnings per share of Rs 13.34 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 13.35.

What is AGP's P/E ratio?

At the closing price of Rs 168.38 on 16 Oct 2026, AGP trades at a P/E of 12.6× based on EPS of Rs 13.35 (TTM to Jun 2026).

Does AGP pay dividends?

Yes. AGP Limited declared a dividend of Rs 8.00 per share for FY2025. It has paid a dividend in each of the last 8 years. At Rs 168.38 that is a dividend yield of 4.8%.

What was AGP's revenue and profit in FY2025?

AGP Limited reported revenue of Rs 28.9 bn and profit attributable to shareholders of Rs 3.7 bn for FY2025 (Jan – Dec 2025).

What is AGP's book value per share?

AGP Limited's book value per share was Rs 55.24 at the end of FY2025. The shares trade at 3.14× book value.

Information only, not investment advice.