Al-Ghazi Tractors Limited (AGTL) financial ratios

Al-Ghazi Tractors Limited earned a net margin of 6.4% in FY2025 against a five-year average of 9.2% (Automobile Assembler median 8.8%). Return on equity was 13.2%, compared with a sector median of 36.2%. The current ratio stood at 1.97× and debt was 0.3% of equity. Cash took about 236 days to cycle through receivables, inventory and payables.

FY2025 vs the Automobile Assembler median

Gross margin: 25.4%; Sector median 19.4%
Operating margin: 11.8%; Sector median 12.7%
Net margin: 6.4%; Sector median 8.8%
Return on equity (ROE): 13.2%; Sector median 36.2%
Return on assets (ROA): 6.6%; Sector median 16.2%
Current ratio: 1.97×; Sector median 1.61×
Debt to equity: 0.3%; Sector median 2.9%
Asset turnover: 1.04×; Sector median 1.51×
Dividend payout ratio: 0.0%; Sector median 17.9%

Median of the 10 companies in the sector with the figure for their latest fiscal year.

AGTL 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	25.4%	24.4%	18.5%	17.9%	22.9%	23.1%	18.1%	23.9%	27.8%	27.6%	25.9%	25.8%	22.3%	18.9%	18.5%	19.7%	16.8%	15.6%	18.2%	18.1%
EBITDA margin	13.9%	18.6%	13.7%	14.4%	20.3%	17.7%	12.9%	20.2%	24.0%	23.3%	22.3%	25.9%	18.1%	16.2%	16.5%	18.3%	16.2%	13.1%	15.4%	21.4%
Operating margin	11.8%	17.5%	13.2%	13.9%	19.8%	17.0%	12.4%	19.8%	23.7%	22.8%	21.8%	25.4%	17.7%	16.0%	16.1%	18.1%	16.0%	12.9%	15.1%	21.2%
Pre-tax margin	10.7%	16.5%	13.6%	13.5%	20.3%	16.2%	9.6%	19.3%	24.3%	23.8%	24.8%	25.6%	21.8%	19.4%	20.4%	19.4%	16.9%	16.6%	21.1%	21.2%
Net margin	6.4%	10.2%	7.6%	7.6%	14.4%	11.3%	7.0%	12.7%	16.5%	15.9%	16.5%	17.9%	14.8%	13.0%	13.4%	19.4%	5.3%	5.5%	6.9%	13.6%
Effective tax rate	40.2%	37.9%	44.3%	43.2%	29.1%	30.0%	27.5%	34.3%	31.9%	33.0%	33.4%	30.1%	32.2%	33.3%	34.1%	0.2%	68.7%	67.2%	67.2%	35.6%
Returns
Return on equity (ROE)	13.2%	47.3%	58.6%	60.7%	94.5%	84.6%	86.0%	140.3%	113.9%	42.1%	22.2%	18.8%	17.0%	26.1%	20.7%	49.1%	16.9%	13.3%	17.0%	37.1%
Return on assets (ROA)	6.6%	20.5%	19.7%	19.8%	40.3%	25.3%	15.9%	38.7%	59.3%	34.9%	19.4%	15.9%	14.2%	21.3%	16.8%	38.5%	11.5%	7.9%	8.9%	16.9%
Return on invested capital (ROIC)	13.2%	39.8%	37.3%	41.1%	75.5%	34.5%	25.6%	67.8%	113.9%	42.1%	22.2%	18.8%	17.0%	26.1%	20.7%	49.1%	16.9%	13.3%	17.0%	37.2%
Liquidity
Current ratio	1.97×	1.64×	1.50×	1.20×	1.51×	1.39×	0.97×	1.12×	1.41×	3.32×	10.54×	7.06×	6.09×	6.12×	4.69×	5.85×	3.74×	2.62×	2.24×	1.90×
Quick ratio	1.24×	1.11×	0.77×	0.62×	0.99×	0.69×	0.34×	0.46×	0.77×	2.13×	6.63×	5.43×	4.98×	5.06×	3.09×	4.97×	3.07×	1.87×	2.00×	1.70×
Leverage
Debt to equity	0.3%	26.9%	29.5%	120.5%	0.0%	69.4%	401.6%	290.1%	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—
Debt to capital	0.3%	21.2%	22.8%	54.7%	0.0%	41.0%	80.1%	74.4%	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—
Debt to assets	0.2%	12.1%	12.0%	30.7%	0.0%	30.6%	66.3%	58.6%	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—
Assets to equity	1.99×	2.31×	2.97×	3.06×	2.34×	3.34×	5.39×	3.62×	1.92×	1.21×	1.14×	1.18×	1.20×	1.23×	1.24×	1.28×	1.47×	1.68×	1.91×	2.19×
Efficiency
Asset turnover	1.04×	2.00×	2.61×	2.59×	2.80×	2.24×	2.28×	3.05×	3.59×	2.19×	1.18×	0.89×	0.96×	1.64×	1.25×	1.99×	2.18×	1.45×	1.29×	1.24×
Receivable days days	172	81	46	49	42	44	42	31	24	36	49	68	85	50	62	47	38	28	22	23
Inventory days days	140	83	74	64	56	96	100	72	50	75	111	110	83	66	85	36	45	57	36	37
Payable days days	76	40	8	9	6	6	8	9	5	3	8	38	49	25	36	33	31	81	72	3
Cash conversion cycle days	236	125	112	104	93	133	135	95	69	107	152	140	119	91	111	50	51	4	(14)	57
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	91.9%	88.9%	92.2%	162.4%	188.0%	200.2%	55.2%	47.0%	50.4%	63.2%	29.7%	103.1%	136.3%	119.8%	61.1%
Earnings retention rate	1.00×	1.00×	1.00×	1.00×	1.00×	0.08×	0.11×	0.08×	(0.62×)	(0.88×)	(1.00×)	0.45×	0.53×	0.50×	0.37×	0.70×	(0.03×)	(0.36×)	(0.20×)	0.39×

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.

AGTL: frequently asked questions

What is AGTL's EPS?

Al-Ghazi Tractors Limited reported basic earnings per share of Rs 22.44 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 48.19.

What is AGTL's P/E ratio?

At the closing price of Rs 378.98 on 16 Oct 2026, AGTL trades at a P/E of 7.9× based on EPS of Rs 48.19 (TTM to Jun 2026).

Does AGTL pay dividends?

Al-Ghazi Tractors Limited did not declare a cash dividend for FY2025.

What was AGTL's revenue and profit in FY2025?

Al-Ghazi Tractors Limited reported revenue of Rs 20.4 bn and profit attributable to shareholders of Rs 1.3 bn for FY2025 (Jan – Dec 2025).

What is AGTL's book value per share?

Al-Ghazi Tractors Limited's book value per share was Rs 181.75 at the end of FY2025. The shares trade at 1.83× book value.

Information only, not investment advice.