DADX Dadex Eternit Limited

Dadex Eternit Limited (DADX) financial ratios

Dadex Eternit Limited earned a net margin of 50.0% in FY2026 against a five-year average of -14.4% (Engineering median 3.2%). Return on equity was 71.1%, compared with a sector median of 5.0%. The current ratio stood at 1.15× and debt was 22.0% of equity. Cash took about -413 days to cycle through receivables, inventory and payables.

FY2026 vs the Engineering median

Gross margin: -0.4%; Sector median 6.3%
Operating margin: 61.7%; Sector median 6.5%
Net margin: 50.0%; Sector median 3.2%
Return on equity (ROE): 71.1%; Sector median 5.0%
Return on assets (ROA): 16.4%; Sector median 2.3%
Current ratio: 1.15×; Sector median 1.36×
Debt to equity: 22.0%; Sector median 19.2%
Asset turnover: 0.33×; Sector median 0.51×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 15 companies in the sector with the figure for their latest fiscal year.

DADX 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	(0.4%)	(5.8%)	5.1%	9.2%	14.6%	12.7%	9.9%	11.4%	15.7%	17.8%	17.6%	21.1%	97.2%	97.7%	185.7%	180.5%	177.8%	175.5%	174.2%	176.1%
EBITDA margin	61.7%	(26.5%)	(7.0%)	(11.0%)	0.1%	7.6%	(3.1%)	2.2%	8.9%	11.3%	12.7%	12.6%	87.5%	82.6%	97.5%	169.2%	191.7%	189.1%	184.6%	166.1%
Operating margin	61.7%	(34.4%)	(12.7%)	(15.2%)	(4.4%)	4.2%	(6.7%)	(0.7%)	6.0%	7.6%	9.1%	9.5%	84.2%	80.0%	92.2%	163.3%	184.8%	180.8%	179.1%	159.2%
Pre-tax margin	53.8%	(50.0%)	(28.1%)	(26.4%)	(9.3%)	(0.2%)	(15.7%)	(6.9%)	2.0%	2.7%	3.2%	3.0%	(11.9%)	(0.0%)	3.7%	(0.5%)	1.0%	1.9%	4.0%	3.0%
Net margin	50.0%	(52.1%)	(31.3%)	(30.0%)	(8.4%)	(1.6%)	(15.2%)	(6.9%)	0.2%	0.7%	0.0%	1.2%	(9.9%)	(0.5%)	4.6%	(0.9%)	0.5%	1.2%	3.3%	1.5%
Effective tax rate	7.2%	—	—	—	—	—	—	—	91.0%	73.7%	99.7%	59.2%	—	—	(23.2%)	—	49.9%	39.5%	17.6%	48.8%
Returns
Return on equity (ROE)	71.1%	(86.0%)	(51.0%)	(50.5%)	(17.0%)	(4.3%)	(35.6%)	(16.4%)	0.4%	1.3%	0.0%	3.0%	(19.2%)	(1.1%)	14.3%	(3.7%)	1.9%	4.9%	12.9%	5.3%
Return on assets (ROA)	16.4%	(14.4%)	(12.2%)	(14.3%)	(4.7%)	(1.2%)	(10.7%)	(5.8%)	0.2%	0.5%	0.0%	1.0%	(6.9%)	(0.4%)	5.9%	(1.4%)	0.7%	1.6%	4.2%	1.8%
Return on invested capital (ROIC)	47.8%	—	—	—	—	—	—	—	0.6%	1.7%	0.0%	4.0%	—	—	13.3%	—	8.2%	13.9%	12.7%	8.8%
Liquidity
Current ratio	1.15×	0.94×	0.64×	1.11×	0.90×	0.64×	0.67×	0.64×	0.73×	0.70×	0.64×	0.61×	0.62×	0.86×	0.80×	1.26×	1.19×	1.17×	1.19×	1.09×
Quick ratio	1.04×	0.86×	0.53×	0.99×	0.70×	0.41×	0.40×	0.32×	0.30×	0.29×	0.28×	0.23×	0.23×	0.26×	0.24×	0.34×	0.24×	0.19×	0.34×	0.19×
Leverage
Debt to equity	22.0%	162.5%	144.4%	86.3%	123.5%	123.2%	139.8%	132.8%	106.9%	103.4%	92.5%	117.5%	134.4%	85.5%	108.2%	39.6%	66.8%	115.7%	92.3%	101.9%
Debt to capital	18.0%	61.9%	59.1%	46.3%	55.3%	55.2%	58.3%	57.0%	51.7%	50.8%	48.1%	54.0%	57.3%	46.1%	52.0%	28.4%	40.1%	53.6%	48.0%	50.5%
Debt to assets	6.8%	24.6%	26.6%	25.0%	34.0%	34.9%	37.9%	43.5%	41.0%	41.6%	39.6%	41.7%	45.6%	32.1%	45.5%	16.1%	24.2%	38.4%	28.8%	35.1%
Assets to equity	4.33×	5.97×	4.18×	3.53×	3.58×	3.61×	3.34×	2.81×	2.55×	2.41×	2.54×	2.88×	2.79×	2.52×	2.40×	2.61×	2.88×	3.11×	3.06×	3.04×
Efficiency
Asset turnover	0.33×	0.28×	0.39×	0.48×	0.56×	0.75×	0.70×	0.84×	0.90×	0.78×	0.78×	0.83×	0.70×	0.87×	1.28×	1.55×	1.41×	1.35×	1.29×	1.13×
Receivable days days	166	151	132	136	110	68	89	77	62	65	60	53	69	57	41	34	28	29	30	40
Inventory days days	80	100	82	97	118	99	115	114	119	121	118	126	5,469	6,225	(132)	(167)	(199)	(199)	(207)	(249)
Payable days days	657	691	477	342	267	178	151	100	87	93	98	105	4,566	4,011	—	—	—	—	—	—
Cash conversion cycle days	(413)	(441)	(264)	(110)	(39)	(11)	53	90	94	93	80	74	959	2,259	(49)	(98)	(139)	(129)	(135)	(178)
Dividends
Dividend payout ratio	0.0%	—	—	—	—	—	—	—	79.6%	0.0%	0.0%	0.0%	—	—	549.9%	—	0.0%	0.0%	65.3%	123.9%
Earnings retention rate	1.00×	—	—	—	—	—	—	—	0.20×	1.00×	1.00×	1.00×	—	—	(4.50×)	—	1.00×	1.00×	0.35×	(0.24×)

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.

DADX: frequently asked questions

What is DADX's EPS?

Dadex Eternit Limited reported basic earnings per share of Rs 44.56 for FY2026 (Jul 2025 – Jun 2026).

What is DADX's P/E ratio?

At the closing price of Rs 182.68 on 16 Oct 2026, DADX trades at a P/E of 4.1× based on EPS of Rs 44.56 (FY2026).

Does DADX pay dividends?

Dadex Eternit Limited did not declare a cash dividend for FY2026.

What was DADX's revenue and profit in FY2026?

Dadex Eternit Limited reported revenue of Rs 959.9 mn and profit attributable to shareholders of Rs 479.7 mn for FY2026 (Jul 2025 – Jun 2026).

What is DADX's book value per share?

Dadex Eternit Limited's book value per share was Rs 84.96 at the end of FY2026. The shares trade at 2.15× book value.

Information only, not investment advice.