ATRL Attock Refinery Limited

Attock Refinery Limited (ATRL) financial ratios

Attock Refinery Limited earned a net margin of 7.7% in FY2026 against a five-year average of 5.9% (Refinery median 3.6%). Return on equity was 15.6%, compared with a sector median of 13.6%. The current ratio stood at 1.82× and debt was 0.0% of equity. Cash took about -5 days to cycle through receivables, inventory and payables.

FY2026 vs the Refinery median

Gross margin: 9.2%; Sector median 7.3%
Operating margin: 8.2%; Sector median 6.2%
Net margin: 7.7%; Sector median 3.6%
Return on equity (ROE): 15.6%; Sector median 13.6%
Return on assets (ROA): 10.3%; Sector median 7.1%
Current ratio: 1.82×; Sector median 1.01×
Debt to equity: 0.0%; Sector median 25.5%
Asset turnover: 1.33×; Sector median 2.06×
Dividend payout ratio: 3.0%; Sector median 0.0%

Median of the 4 companies in the sector with the figure for their latest fiscal year.

ATRL 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	9.2%	3.3%	7.6%	12.2%	7.2%	(1.9%)	(4.2%)	(2.2%)	(0.8%)	4.3%	(1.3%)	0.4%	0.1%	1.9%	1.3%	1.3%	(0.6%)	2.5%	4.3%	1.5%
EBITDA margin	9.1%	3.2%	7.1%	11.7%	7.4%	(0.4%)	(2.6%)	(1.2%)	0.8%	5.6%	(2.0%)	0.1%	(0.2%)	1.4%	1.0%	0.9%	(0.5%)	3.4%	3.1%	1.6%
Operating margin	8.2%	2.2%	6.4%	10.9%	6.4%	(2.6%)	(5.0%)	(2.6%)	(1.2%)	3.6%	(2.2%)	(0.1%)	(0.2%)	1.4%	0.9%	0.8%	(0.6%)	3.3%	3.1%	1.0%
Pre-tax margin	10.5%	6.0%	10.3%	12.5%	5.9%	(1.8%)	(3.9%)	(5.0%)	(2.0%)	3.6%	(1.1%)	0.7%	0.8%	2.9%	1.8%	2.1%	(0.2%)	1.4%	3.1%	1.6%
Net margin	7.7%	2.3%	6.2%	7.7%	5.7%	(0.4%)	(3.0%)	(3.8%)	0.9%	6.1%	3.8%	2.0%	1.5%	3.1%	2.2%	3.7%	2.0%	2.0%	4.4%	3.2%
Effective tax rate	40.1%	38.3%	37.9%	39.4%	40.5%	—	—	—	—	(1.2%)	—	58.1%	47.5%	44.9%	58.6%	55.2%	—	62.1%	26.6%	47.5%
Returns
Return on equity (ROE)	15.6%	4.5%	17.5%	30.8%	26.5%	(1.1%)	(8.0%)	(14.9%)	2.5%	13.7%	6.5%	7.1%	7.7%	16.7%	12.1%	20.3%	11.3%	9.9%	54.8%	27.3%
Return on assets (ROA)	10.3%	3.0%	11.2%	16.9%	11.7%	(0.5%)	(3.3%)	(6.0%)	1.1%	6.6%	3.0%	3.3%	3.7%	6.0%	4.0%	6.5%	3.2%	3.1%	9.5%	5.9%
Return on invested capital (ROIC)	15.3%	6.0%	18.6%	31.9%	20.7%	—	—	—	—	14.3%	—	3.4%	6.7%	14.7%	12.1%	20.3%	—	11.0%	38.7%	23.4%
Liquidity
Current ratio	1.82×	2.04×	1.70×	1.47×	1.00×	0.75×	0.77×	0.88×	1.08×	1.23×	0.96×	0.96×	1.03×	1.09×	1.00×	0.96×	0.91×	0.87×	0.88×	0.75×
Quick ratio	1.33×	1.69×	1.34×	1.07×	0.72×	0.52×	0.51×	0.66×	0.83×	1.00×	0.65×	0.73×	0.69×	0.76×	0.84×	0.69×	0.75×	0.70×	0.74×	0.58×
Leverage
Debt to equity	0.0%	0.2%	0.3%	0.0%	11.7%	22.1%	16.2%	25.1%	29.9%	40.6%	37.3%	31.0%	1.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt to capital	0.0%	0.2%	0.3%	0.0%	10.5%	18.1%	14.0%	20.1%	23.0%	28.9%	27.1%	23.7%	1.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Debt to assets	0.0%	0.2%	0.2%	0.0%	5.1%	9.9%	7.7%	9.2%	13.3%	19.6%	18.2%	13.7%	0.7%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Assets to equity	1.51×	1.50×	1.57×	1.82×	2.27×	2.17×	2.39×	2.47×	2.16×	2.06×	2.15×	2.14×	2.08×	2.78×	3.05×	3.10×	3.63×	3.58×	4.06×	4.66×
Efficiency
Asset turnover	1.33×	1.34×	1.81×	2.19×	2.05×	1.19×	1.12×	1.59×	1.22×	1.10×	0.79×	1.63×	2.45×	1.94×	1.84×	1.77×	1.62×	1.57×	2.17×	1.84×
Receivable days days	24	36	39	37	34	46	61	44	42	38	67	42	33	75	88	77	82	59	31	35
Inventory days days	44	32	28	27	26	35	37	27	29	31	46	30	26	27	27	31	27	26	20	27
Payable days days	72	36	31	38	49	67	77	57	56	56	96	58	41	98	113	92	106	115	86	92
Cash conversion cycle days	(5)	32	36	26	11	14	21	14	15	13	18	13	17	4	2	16	3	(29)	(36)	(30)
Dividends
Dividend payout ratio	3.0%	8.1%	5.7%	4.7%	7.1%	—	—	—	0.0%	8.3%	16.9%	16.2%	0.0%	8.4%	15.4%	4.0%	0.0%	0.0%	0.0%	12.0%
Earnings retention rate	0.97×	0.92×	0.94×	0.95×	0.93×	—	—	—	1.00×	0.92×	0.83×	0.84×	1.00×	0.92×	0.85×	0.96×	1.00×	1.00×	1.00×	0.88×

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.

ATRL: frequently asked questions

What is ATRL's EPS?

Attock Refinery Limited reported basic earnings per share of Rs 244.45 for FY2026 (Jul 2025 – Jun 2026).

What is ATRL's P/E ratio?

At the closing price of Rs 1,219.10 on 16 Oct 2026, ATRL trades at a P/E of 5.0× based on EPS of Rs 244.45 (FY2026).

Does ATRL pay dividends?

Yes. Attock Refinery Limited declared a dividend of Rs 17.50 per share for FY2026. It has paid a dividend in each of the last 5 years. At Rs 1,219.10 that is a dividend yield of 1.4%.

What was ATRL's revenue and profit in FY2026?

Attock Refinery Limited reported revenue of Rs 341.8 bn and profit attributable to shareholders of Rs 26.1 bn for FY2026 (Jul 2025 – Jun 2026).

What is ATRL's book value per share?

Attock Refinery Limited's book value per share was Rs 1,748.31 at the end of FY2026. The shares trade at 0.70× book value.

Information only, not investment advice.