Al-Noor Sugar Mills Limited (ALNRS) financial ratios

Al-Noor Sugar Mills Limited earned a net margin of 0.6% in FY2025 against a five-year average of 1.2% (Sugar & Allied Industries median 0.6%). Return on equity was 1.5%, compared with a sector median of 2.0%. The current ratio stood at 0.98× and debt was 75.2% of equity. Cash took about 93 days to cycle through receivables, inventory and payables.

FY2025 vs the Sugar & Allied Industries median

Gross margin: 13.1%; Sector median 9.9%
Operating margin: 5.4%; Sector median 6.4%
Net margin: 0.6%; Sector median 0.6%
Return on equity (ROE): 1.5%; Sector median 2.0%
Return on assets (ROA): 0.6%; Sector median 0.6%
Current ratio: 0.98×; Sector median 0.93×
Debt to equity: 75.2%; Sector median 60.7%
Asset turnover: 1.04×; 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.

ALNRS 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	FY2010 Oct 2009 – Sep 2010	FY2009 * Oct 2008 – Sep 2009	FY2008 * Oct 2007 – Sep 2008	FY2007 * Oct 2006 – Sep 2007	FY2006 Oct 2005 – Sep 2006
Profitability
Gross margin	13.1%	16.6%	16.0%	14.3%	15.8%	15.5%	12.5%	(7.2%)	10.2%	11.9%	14.8%	11.0%	10.7%	10.6%	11.8%	15.4%	15.5%	19.6%	13.2%	15.1%
EBITDA margin	8.8%	13.1%	10.7%	8.9%	10.2%	10.4%	8.1%	(12.2%)	6.1%	8.7%	10.9%	8.3%	8.1%	8.6%	10.8%	14.2%	15.2%	16.2%	13.0%	15.0%
Operating margin	5.4%	10.2%	8.1%	5.8%	7.2%	7.7%	5.0%	(15.2%)	2.6%	5.8%	7.5%	5.4%	5.8%	4.9%	7.2%	11.2%	11.2%	12.0%	8.2%	11.0%
Pre-tax margin	0.9%	0.8%	3.6%	2.0%	4.2%	3.9%	4.9%	(2.7%)	(1.8%)	2.8%	3.2%	1.0%	1.7%	(1.4%)	1.0%	6.2%	5.0%	8.8%	1.7%	6.8%
Net margin	0.6%	(0.2%)	2.3%	1.6%	2.0%	1.9%	2.0%	(1.3%)	(0.4%)	2.1%	2.4%	0.4%	0.3%	(0.7%)	1.7%	4.0%	1.1%	6.3%	0.5%	1.9%
Effective tax rate	36.7%	126.8%	38.3%	18.7%	53.3%	52.9%	58.6%	—	—	24.8%	24.8%	58.9%	80.9%	—	(74.5%)	35.0%	77.3%	28.6%	67.3%	72.0%
Returns
Return on equity (ROE)	1.5%	(0.6%)	5.3%	5.0%	6.3%	6.3%	6.2%	(5.3%)	(1.9%)	11.2%	12.5%	2.6%	2.1%	(3.8%)	9.2%	25.5%	5.9%	27.4%	2.6%	11.7%
Return on assets (ROA)	0.6%	(0.2%)	2.0%	1.7%	2.4%	2.3%	2.0%	(1.3%)	(0.4%)	2.4%	2.4%	0.5%	0.4%	(0.7%)	2.1%	6.3%	1.3%	5.7%	0.6%	2.4%
Return on invested capital (ROIC)	5.4%	(4.0%)	9.8%	8.7%	5.5%	6.4%	5.1%	—	—	8.4%	10.9%	5.2%	2.7%	—	27.8%	21.6%	5.5%	18.3%	5.3%	7.2%
Liquidity
Current ratio	0.98×	0.95×	0.93×	1.07×	1.15×	1.36×	1.07×	1.02×	1.16×	1.28×	1.17×	1.14×	1.25×	0.98×	0.91×	0.97×	1.03×	0.95×	1.09×	0.80×
Quick ratio	0.26×	0.26×	0.20×	0.30×	0.37×	0.64×	0.36×	0.38×	0.14×	0.17×	0.16×	0.21×	0.17×	0.10×	0.05×	0.14×	0.13×	0.83×	0.35×	0.30×
Leverage
Debt to equity	75.2%	103.9%	60.5%	165.1%	119.1%	107.3%	141.5%	154.3%	336.2%	171.7%	192.2%	234.1%	179.3%	208.1%	215.8%	101.0%	138.3%	168.8%	148.1%	133.0%
Debt to capital	42.9%	51.0%	37.7%	62.3%	54.3%	51.7%	58.6%	60.7%	77.1%	63.2%	65.8%	70.1%	64.2%	67.5%	68.3%	50.2%	58.0%	62.8%	59.7%	57.1%
Debt to assets	33.0%	40.1%	25.7%	50.7%	44.8%	40.3%	47.9%	49.0%	54.3%	39.1%	38.6%	44.0%	33.8%	38.8%	42.8%	26.6%	31.9%	32.8%	33.6%	31.2%
Assets to equity	2.43×	2.47×	2.64×	2.96×	2.66×	2.80×	3.05×	4.18×	5.27×	4.67×	5.13×	5.31×	5.34×	5.20×	4.43×	4.03×	4.71×	4.84×	4.34×	4.87×
Efficiency
Asset turnover	1.04×	1.14×	0.89×	1.03×	1.21×	1.21×	1.00×	0.96×	0.83×	1.15×	1.02×	1.21×	1.26×	1.03×	1.18×	1.57×	1.11×	0.90×	1.08×	1.27×
Receivable days days	23	21	31	36	33	37	51	37	17	11	16	13	12	11	5	3	4	15	28	31
Inventory days days	105	106	146	127	80	82	113	128	193	130	151	111	130	180	134	80	68	59	80	56
Payable days days	36	54	84	48	46	49	56	47	59	49	47	30	37	56	38	7	—	—	38	30
Cash conversion cycle days	93	73	93	115	66	69	108	117	151	92	120	94	104	135	102	76	72	74	70	56
Dividends
Dividend payout ratio	0.0%	—	34.7%	59.1%	29.1%	30.3%	16.2%	—	—	39.7%	12.3%	31.1%	40.5%	—	53.3%	29.2%	155.2%	32.0%	214.1%	36.4%
Earnings retention rate	1.00×	—	0.65×	0.41×	0.71×	0.70×	0.84×	—	—	0.60×	0.88×	0.69×	0.60×	—	0.47×	0.71×	(0.55×)	0.68×	(1.14×)	0.64×

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.

ALNRS: frequently asked questions

What is ALNRS's EPS?

Al-Noor Sugar Mills Limited reported basic earnings per share of Rs 5.25 for FY2025 (Oct 2024 – Sep 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 8.20.

What is ALNRS's P/E ratio?

At the closing price of Rs 115.71 on 16 Oct 2026, ALNRS trades at a P/E of 14.1× based on EPS of Rs 8.20 (TTM to Jun 2026).

Does ALNRS pay dividends?

Yes. Al-Noor Sugar Mills Limited declared a dividend of Rs 4.00 per share for FY2025. At Rs 115.71 that is a dividend yield of 3.5%.

What was ALNRS's revenue and profit in FY2025?

Al-Noor Sugar Mills Limited reported revenue of Rs 17.9 bn and profit attributable to shareholders of Rs 107.5 mn for FY2025 (Oct 2024 – Sep 2025).

What is ALNRS's book value per share?

Al-Noor Sugar Mills Limited's book value per share was Rs 349.23 at the end of FY2025. The shares trade at 0.33× book value.

Information only, not investment advice.