Chashma Sugar Mills Limited (CHAS) financial ratios

Chashma Sugar Mills Limited earned a net margin of -11.8% in FY2025 against a five-year average of -3.0% (Sugar & Allied Industries median 0.6%). Return on equity was -25.9%, compared with a sector median of 2.0%. The current ratio stood at 0.69× and debt was 177.9% of equity. Cash took about 105 days to cycle through receivables, inventory and payables.

FY2025 vs the Sugar & Allied Industries median

Gross margin: 6.7%; Sector median 9.9%
Operating margin: -0.7%; Sector median 6.4%
Net margin: -11.8%; Sector median 0.6%
Return on equity (ROE): -25.9%; Sector median 2.0%
Return on assets (ROA): -8.6%; Sector median 0.6%
Current ratio: 0.69×; Sector median 0.93×
Debt to equity: 177.9%; Sector median 60.7%
Asset turnover: 0.72×; Sector median 1.01×

Median of the 28 companies in the sector with the figure for their latest fiscal year.

CHAS 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
Profitability
Gross margin	6.7%	4.9%	23.5%	16.8%	13.2%	18.1%	18.0%	13.3%	10.4%	9.9%	6.1%	1.8%	7.5%	2.5%
EBITDA margin	6.7%	3.6%	21.7%	15.4%	12.4%	15.7%	17.8%	13.5%	11.9%	11.0%	13.0%	8.2%	11.1%	6.6%
Operating margin	(0.7%)	(1.5%)	16.1%	9.0%	6.2%	10.2%	11.1%	7.1%	5.5%	6.3%	7.7%	1.4%	7.2%	1.6%
Pre-tax margin	(15.0%)	(14.6%)	5.5%	2.2%	1.5%	4.6%	5.1%	2.4%	1.2%	1.9%	1.7%	(4.7%)	0.9%	(4.1%)
Net margin	(11.8%)	(9.6%)	5.9%	(0.5%)	1.2%	4.6%	4.6%	1.9%	0.8%	2.7%	2.3%	(2.2%)	0.5%	(3.7%)
Effective tax rate	—	—	(7.2%)	120.5%	21.7%	(0.5%)	9.2%	23.7%	30.3%	(38.3%)	(38.2%)	—	41.9%	—
Returns
Return on equity (ROE)	(25.9%)	(25.7%)	12.4%	(0.7%)	2.2%	10.5%	9.4%	3.9%	2.3%	8.9%	6.9%	(5.2%)	1.7%	—
Return on assets (ROA)	(8.6%)	(10.6%)	5.3%	(0.4%)	1.2%	5.1%	4.2%	1.6%	0.9%	2.9%	1.8%	(1.5%)	0.5%	—
Return on invested capital (ROIC)	—	—	18.6%	(1.7%)	5.3%	13.4%	11.3%	5.8%	5.3%	12.0%	9.8%	—	5.6%	—
Liquidity
Current ratio	0.69×	0.66×	0.92×	0.87×	1.05×	1.05×	0.91×	0.82×	0.75×	0.72×	0.74×	0.80×	0.92×	0.89×
Quick ratio	0.24×	0.24×	0.32×	0.30×	0.59×	0.62×	0.43×	0.32×	0.29×	0.39×	0.25×	0.26×	0.26×	0.38×
Leverage
Debt to equity	177.9%	130.2%	80.6%	90.3%	60.0%	66.8%	76.8%	94.2%	111.2%	88.8%	230.3%	223.4%	133.0%	193.5%
Debt to capital	64.0%	56.6%	44.6%	47.5%	37.5%	40.1%	43.4%	48.5%	52.7%	47.0%	69.7%	69.1%	57.1%	65.9%
Debt to assets	53.6%	47.6%	34.9%	39.3%	32.0%	33.9%	35.4%	39.6%	42.8%	35.9%	58.8%	58.2%	44.8%	46.3%
Assets to equity	2.99×	2.51×	2.30×	2.11×	1.92×	2.06×	2.27×	2.47×	2.54×	3.04×	3.88×	3.39×	3.40×	—
Efficiency
Asset turnover	0.72×	1.11×	0.89×	0.80×	0.99×	1.10×	0.90×	0.85×	1.11×	1.10×	0.77×	0.69×	1.00×	—
Receivable days days	43	23	30	40	48	46	46	42	32	34	46	45	41	—
Inventory days days	110	60	92	74	48	55	86	87	46	58	111	121	98	—
Payable days days	48	27	42	24	22	23	25	24	23	21	18	20	32	—
Cash conversion cycle days	105	55	79	90	74	77	106	105	55	71	139	146	107	—
Dividends
Dividend payout ratio	—	—	0.0%	—	76.7%	19.5%	7.5%	22.4%	0.0%	43.4%	41.2%	—	0.0%	—
Earnings retention rate	—	—	1.00×	—	0.23×	0.80×	0.92×	0.78×	1.00×	0.57×	0.59×	—	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.

CHAS: frequently asked questions

What is CHAS's EPS?

Chashma Sugar Mills Limited reported basic earnings per share of Rs -102.77 for FY2025 (Oct 2024 – Sep 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs -49.67.

Does CHAS pay dividends?

Chashma Sugar Mills Limited did not declare a cash dividend for FY2025.

What was CHAS's revenue and profit in FY2025?

Chashma Sugar Mills Limited reported revenue of Rs 24.9 bn and profit attributable to shareholders of -Rs 2.9 bn for FY2025 (Oct 2024 – Sep 2025).

What is CHAS's book value per share?

Chashma Sugar Mills Limited's book value per share was Rs 355.92 at the end of FY2025. The shares trade at 0.24× book value.

Information only, not investment advice.