CPPL Cherat Packaging Limited

Cherat Packaging Limited (CPPL) financial ratios

Cherat Packaging Limited earned a net margin of 4.3% in FY2026 against a five-year average of 5.1% (Paper, Board & Packaging median 3.6%). Return on equity was 6.9%, compared with a sector median of 5.5%. The current ratio stood at 1.88× and debt was 59.6% of equity. Cash took about 139 days to cycle through receivables, inventory and payables.

FY2026 vs the Paper, Board & Packaging median

Gross margin: 12.4%; Sector median 14.1%
Operating margin: 9.6%; Sector median 9.6%
Net margin: 4.3%; Sector median 3.6%
Return on equity (ROE): 6.9%; Sector median 5.5%
Return on assets (ROA): 3.7%; Sector median 2.5%
Current ratio: 1.88×; Sector median 1.50×
Debt to equity: 59.6%; Sector median 43.0%
Asset turnover: 0.87×; Sector median 0.87×
Dividend payout ratio: 22.6%; Sector median 22.6%

Median of the 12 companies in the sector with the figure for their latest fiscal year.

CPPL 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
Profitability
Gross margin	12.4%	7.8%	10.6%	19.8%	17.1%	17.2%	12.4%	17.3%	15.5%	19.5%	23.0%	21.0%	11.3%	10.6%	8.5%	12.3%	11.9%	6.9%
EBITDA margin	12.0%	6.9%	9.2%	19.3%	16.4%	16.8%	12.9%	18.3%	15.0%	18.1%	21.5%	19.7%	10.9%	9.7%	8.0%	10.9%	11.3%	6.7%
Operating margin	9.6%	4.1%	6.6%	17.0%	13.8%	13.8%	9.3%	14.6%	12.3%	15.9%	19.8%	18.2%	9.2%	8.0%	6.4%	9.6%	9.7%	5.7%
Pre-tax margin	7.2%	2.3%	7.6%	10.1%	10.3%	10.6%	1.0%	8.2%	10.8%	15.1%	19.0%	14.8%	5.0%	4.2%	1.6%	6.7%	4.8%	(2.8%)
Net margin	4.3%	2.7%	6.4%	5.5%	6.6%	7.6%	0.7%	7.0%	10.0%	10.9%	13.3%	10.5%	4.7%	2.9%	2.2%	7.6%	4.8%	(2.8%)
Effective tax rate	39.9%	(18.2%)	15.1%	45.6%	36.5%	28.7%	28.8%	14.7%	7.0%	27.8%	29.8%	29.4%	6.4%	32.4%	(33.7%)	(13.1%)	0.0%	—
Returns
Return on equity (ROE)	6.9%	4.2%	11.5%	13.5%	14.4%	15.8%	1.5%	12.5%	16.7%	19.1%	33.3%	36.3%	19.4%	11.2%	8.0%	27.7%	22.4%	—
Return on assets (ROA)	3.7%	2.4%	5.9%	5.8%	6.4%	7.2%	0.6%	5.4%	9.5%	13.7%	21.3%	16.8%	6.8%	4.0%	3.4%	12.9%	7.2%	—
Return on invested capital (ROIC)	6.3%	7.8%	13.5%	12.6%	10.4%	10.6%	6.1%	10.7%	12.6%	17.5%	26.7%	22.9%	14.4%	8.6%	14.2%	20.4%	16.1%	—
Liquidity
Current ratio	1.88×	1.95×	2.68×	1.60×	1.50×	1.69×	1.59×	1.56×	2.21×	3.69×	2.71×	2.35×	1.40×	1.13×	1.24×	1.50×	1.35×	1.12×
Quick ratio	0.69×	0.87×	1.14×	0.56×	0.63×	0.79×	0.75×	0.67×	1.03×	1.64×	1.17×	1.31×	0.69×	0.48×	0.51×	0.46×	0.62×	0.41×
Leverage
Debt to equity	59.6%	35.2%	31.8%	77.6%	91.5%	78.0%	113.6%	130.7%	83.2%	19.2%	12.7%	60.3%	150.3%	142.7%	150.7%	86.8%	108.1%	268.2%
Debt to capital	37.3%	26.0%	24.1%	43.7%	47.8%	43.8%	53.2%	56.6%	45.4%	16.1%	11.2%	37.6%	60.0%	58.8%	60.1%	46.5%	51.9%	72.8%
Debt to assets	30.4%	20.2%	18.8%	34.0%	38.4%	37.4%	48.6%	51.4%	40.1%	13.9%	9.0%	33.6%	54.7%	48.6%	56.4%	42.6%	45.7%	66.9%
Assets to equity	1.86×	1.72×	1.97×	2.33×	2.24×	2.20×	2.44×	2.31×	1.75×	1.40×	1.56×	2.16×	2.84×	2.82×	2.36×	2.15×	3.10×	—
Efficiency
Asset turnover	0.87×	0.88×	0.91×	1.06×	0.98×	0.95×	0.84×	0.78×	0.95×	1.26×	1.60×	1.61×	1.45×	1.38×	1.54×	1.70×	1.51×	—
Receivable days days	73	77	73	73	90	91	99	100	81	65	60	68	68	63	51	53	62	—
Inventory days days	128	113	143	154	142	127	141	153	115	106	82	79	92	100	104	109	117	—
Payable days days	61	61	55	46	33	20	14	22	29	34	23	12	30	30	10	15	16	—
Cash conversion cycle days	139	129	161	181	199	198	227	231	167	138	120	134	130	133	145	147	163	—
Dividends
Dividend payout ratio	22.6%	62.0%	16.6%	12.2%	7.2%	19.9%	60.5%	34.3%	33.1%	29.5%	22.6%	21.1%	21.9%	46.5%	36.1%	23.0%	43.3%	—
Earnings retention rate	0.77×	0.38×	0.83×	0.88×	0.93×	0.80×	0.39×	0.66×	0.67×	0.70×	0.77×	0.79×	0.78×	0.54×	0.64×	0.77×	0.57×	—

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.

CPPL: frequently asked questions

What is CPPL's EPS?

Cherat Packaging Limited reported basic earnings per share of Rs 13.26 for FY2026 (Jul 2025 – Jun 2026).

What is CPPL's P/E ratio?

At the closing price of Rs 94.01 on 16 Oct 2026, CPPL trades at a P/E of 7.1× based on EPS of Rs 13.26 (FY2026).

Does CPPL pay dividends?

Yes. Cherat Packaging Limited declared a dividend of Rs 4.00 per share for FY2026. It has paid a dividend in each of the last 17 years. At Rs 94.01 that is a dividend yield of 4.3%.

What was CPPL's revenue and profit in FY2026?

Cherat Packaging Limited reported revenue of Rs 15.1 bn and profit attributable to shareholders of Rs 651.0 mn for FY2026 (Jul 2025 – Jun 2026).

What is CPPL's book value per share?

Cherat Packaging Limited's book value per share was Rs 199.26 at the end of FY2026. The shares trade at 0.47× book value.

Information only, not investment advice.