DWSM Dewan Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 8.07 -5.94%
Quarterly · Q4 FY2021 – Q3 FY2026
Dewan Sugar Mills Limited (DWSM) quarterly balance sheet
At the end of Q3 FY2026 (Apr – Jun 2026) Dewan Sugar Mills Limited had total assets of Rs 7.7 bn, down 7.8% on Q3 FY2025. Current assets of Rs 914.4 mn covered current liabilities of Rs 7.6 bn 0.12 times. Total debt was Rs 3.3 bn, net debt Rs 3.3 bn. Shareholders' equity was -Rs 1.9 bn (Rs -21.26 per share), -25.3% of total assets.
| Rs bn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 | Q2 FY2023 Jan – Mar 2023 | Q1 FY2023 Oct – Dec 2022 | Q4 FY2022 Jul – Sep 2022 | Q3 FY2022 Apr – Jun 2022 | Q2 FY2022 Jan – Mar 2022 | Q1 FY2022 Oct – Dec 2021 | Q4 FY2021 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Cash & short-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 |
| Trade receivables | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.1 | 0.0 |
| Inventories | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.8 | 1.1 | 1.9 | 1.4 | 1.7 | 2.4 | 2.2 | 1.2 | 1.4 | 2.1 | 2.6 | 1.0 | 1.5 |
| Other current assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total current assets | 0.9 | 0.9 | 1.0 | 0.9 | 1.2 | 1.3 | 1.4 | 1.6 | 2.0 | 2.8 | 2.2 | 2.6 | 2.8 | 2.6 | 2.1 | 2.3 | 2.5 | 3.4 | 1.7 | 1.9 |
| Property, plant & equipment | 6.8 | 6.9 | 6.9 | 7.0 | 7.1 | 7.2 | 7.3 | 7.4 | 5.8 | 5.8 | 5.9 | 6.0 | 6.1 | 6.1 | 6.2 | 6.3 | 6.4 | 6.6 | 6.7 | 6.9 |
| Total non-current assets | 6.8 | 6.9 | 6.9 | 7.0 | 7.1 | 7.2 | 7.3 | 7.4 | 5.8 | 5.8 | 5.9 | 6.0 | 6.1 | 6.1 | 6.2 | 6.3 | 6.4 | 6.6 | 6.7 | 6.9 |
| Total assets | 7.7 | 7.8 | 7.9 | 7.9 | 8.3 | 8.5 | 8.8 | 9.0 | 7.7 | 8.6 | 8.2 | 8.6 | 8.9 | 8.7 | 8.3 | 8.6 | 9.0 | 9.9 | 8.5 | 8.8 |
| Liabilities | ||||||||||||||||||||
| Trade payables | 4.6 | 4.6 | 4.3 | 4.1 | 4.6 | 4.7 | 4.6 | 4.5 | 4.8 | 5.3 | 4.8 | 5.2 | 5.4 | 5.0 | 4.1 | 4.3 | 4.4 | 5.3 | 3.5 | 3.6 |
| Short-term borrowings & current portion of debt | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.9 | 2.8 | 2.9 | 2.8 | 2.9 | 2.9 |
| Total current liabilities | 7.6 | 7.6 | 7.3 | 7.2 | 7.7 | 7.7 | 7.6 | 7.5 | 7.8 | 8.4 | 7.8 | 8.2 | 8.4 | 8.0 | 7.1 | 7.3 | 7.5 | 8.3 | 6.6 | 6.7 |
| Long-term debt | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 |
| Other non-current liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | 0.0 | — | — | 0.0 | 0.0 |
| Total non-current liabilities | 2.0 | 2.0 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 1.7 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.9 | 1.8 | 1.5 | 1.5 | 1.5 | 1.5 |
| Total liabilities | 9.6 | 9.6 | 9.4 | 9.2 | 9.7 | 9.8 | 9.8 | 9.7 | 9.5 | 10.1 | 9.5 | 9.9 | 10.1 | 9.8 | 9.0 | 9.1 | 9.0 | 9.8 | 8.1 | 8.2 |
| Equity | ||||||||||||||||||||
| Share capital | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Reserves & retained earnings | (2.9) | (2.7) | (2.4) | (2.2) | (2.3) | (2.2) | (1.9) | (1.6) | (2.7) | (2.4) | (2.2) | (2.2) | (2.2) | (2.0) | (1.6) | (1.5) | (0.9) | (0.8) | (0.6) | (0.3) |
| Equity attributable to shareholders | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) | (1.2) | (1.1) | (0.7) | (0.6) | (0.0) | 0.2 | 0.3 | 0.6 |
| Non-controlling interest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total equity | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) | (1.2) | (1.1) | (0.7) | (0.6) | (0.0) | 0.2 | 0.3 | 0.6 |
| Total liabilities & equity | 7.7 | 7.8 | 7.9 | 7.9 | 8.3 | 8.5 | 8.8 | 9.0 | 7.7 | 8.6 | 8.2 | 8.6 | 8.9 | 8.7 | 8.3 | 8.6 | 9.0 | 9.9 | 8.5 | 8.8 |
| Key figures | ||||||||||||||||||||
| Total debt | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.4 | 3.3 | 3.4 | 3.3 | 3.3 | 3.3 |
| Net debt / (net cash) | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.2 | 3.3 | 3.3 | 3.2 | 3.3 | 3.3 | 3.2 | 3.3 | 3.3 | 3.4 | 3.2 | 3.3 | 3.2 | 3.3 | 3.2 |
| Shares outstanding mn | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 |
| Common equity | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) | (1.2) | (1.1) | (0.7) | (0.6) | (0.0) | 0.2 | 0.3 | 0.6 |
| Book value per share (Rs) Rs | (21.26) | (20.03) | (15.88) | (13.81) | (15.37) | (14.01) | (10.87) | (7.23) | (19.10) | (15.84) | (14.54) | (14.18) | (13.64) | (12.12) | (7.29) | (6.10) | (0.12) | 1.69 | 3.40 | 6.41 |
| Rs mn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 | Q2 FY2023 Jan – Mar 2023 | Q1 FY2023 Oct – Dec 2022 | Q4 FY2022 Jul – Sep 2022 | Q3 FY2022 Apr – Jun 2022 | Q2 FY2022 Jan – Mar 2022 | Q1 FY2022 Oct – Dec 2021 | Q4 FY2021 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Cash & short-term investments | -48.5% | -49.0% | -12.8% | -44.7% | -63.5% | +4.2% | -59.2% | -17.1% | +50.8% | -59.3% | +20.0% | -59.3% | +577.3% | +47.3% | +1.6% | +38.5% | -82.7% | -11.4% | -32.7% | +80.7% |
| Trade receivables | +205.3% | +21.1% | -10.8% | +22.9% | -36.3% | -42.8% | +41.4% | +62.2% | +84.4% | +225.8% | +89.0% | +7.1% | -66.4% | -93.5% | -70.4% | +72.3% | +201.0% | +468.9% | +209.2% | -45.0% |
| Inventories | -18.4% | -13.7% | +0.3% | -42.2% | -54.8% | -70.1% | -62.9% | -49.7% | -51.8% | -12.9% | +19.8% | +20.0% | +14.1% | -17.7% | +10.8% | -5.6% | -22.3% | +0.5% | -32.8% | +21.3% |
| Other current assets | +8.5% | +5.5% | -30.6% | -30.6% | -15.0% | -19.2% | +23.0% | +11.5% | -13.3% | -11.6% | -10.1% | -6.9% | +23.4% | +21.2% | -28.5% | +11.5% | -4.3% | +0.4% | +74.1% | +8.6% |
| Total current assets | -25.2% | -27.7% | -31.1% | -41.5% | -38.3% | -53.4% | -34.9% | -38.5% | -30.5% | +7.8% | +2.9% | +13.8% | +12.9% | -23.3% | +24.9% | +17.6% | -20.0% | +10.0% | -22.2% | -4.5% |
| Property, plant & equipment | -4.8% | -4.8% | -5.5% | -5.6% | +23.5% | +23.7% | +23.3% | +23.6% | -4.9% | -4.8% | -4.1% | -4.6% | -6.0% | -7.1% | -8.1% | -8.2% | +42.5% | +43.1% | +43.4% | +43.5% |
| Total non-current assets | -4.8% | -4.8% | -5.5% | -5.6% | +23.5% | +23.7% | +23.3% | +23.6% | -4.9% | -4.8% | -4.1% | -4.6% | -6.0% | -7.1% | -8.1% | -8.2% | +42.5% | +43.1% | +43.4% | +43.5% |
| Total assets | -7.8% | -8.3% | -9.7% | -11.9% | +7.7% | -1.2% | +7.5% | +5.0% | -13.1% | -1.0% | -2.3% | +0.3% | -0.7% | -12.5% | -1.4% | -2.6% | +16.8% | +29.9% | +22.4% | +29.3% |
| Liabilities | ||||||||||||||||||||
| Trade payables | -1.3% | -2.3% | -6.8% | -8.5% | -3.3% | -12.5% | -3.1% | -12.6% | -10.9% | +6.9% | +14.9% | +19.9% | +22.4% | -5.5% | +16.7% | +19.8% | -7.1% | +14.5% | -2.6% | +9.4% |
| Short-term borrowings & current portion of debt | -1.6% | -1.2% | -0.8% | -0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.7% | -1.3% | -0.8% | -2.7% | +0.1% | -0.3% | -0.8% | +0.4% | -0.9% | +0.1% | +0.9% |
| Total current liabilities | -1.1% | -1.7% | -4.1% | -4.9% | -1.9% | -7.7% | -1.8% | -7.7% | -6.6% | +4.4% | +9.0% | +12.1% | +11.8% | -3.5% | +7.5% | +9.4% | -4.2% | +8.3% | -0.4% | +6.4% |
| Long-term debt | +15.0% | +15.2% | +5.5% | +1.9% | +2.1% | -6.7% | +2.5% | +2.6% | -4.3% | -1.9% | -12.9% | -2.0% | +4.6% | +11.5% | +24.7% | +10.2% | +10.2% | +10.2% | +10.2% | +10.2% |
| Other non-current liabilities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total non-current liabilities | -1.2% | -1.3% | -3.5% | -4.4% | +24.4% | +21.7% | +24.2% | +24.6% | -5.9% | -5.7% | -8.9% | -6.3% | +19.4% | +20.6% | +23.7% | +19.1% | +70.6% | +71.8% | +72.6% | +73.1% |
| Total liabilities | -1.1% | -1.6% | -4.0% | -4.8% | +2.7% | -2.7% | +2.9% | -2.1% | -6.5% | +2.5% | +5.3% | +8.4% | +13.1% | +0.2% | +10.5% | +11.2% | +3.3% | +14.8% | +8.2% | +14.7% |
| Equity | ||||||||||||||||||||
| Share capital | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Reserves & retained earnings | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Equity attributable to shareholders | — | — | — | — | — | — | — | — | — | — | — | — | — | -817.2% | -314.2% | -195.2% | — | — | — | — |
| Non-controlling interest | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total equity | — | — | — | — | — | — | — | — | — | — | — | — | — | -817.2% | -314.2% | -195.2% | — | — | — | — |
| Total liabilities & equity | -7.8% | -8.3% | -9.7% | -11.9% | +7.7% | -1.2% | +7.5% | +5.0% | -13.1% | -1.0% | -2.3% | +0.3% | -0.7% | -12.5% | -1.4% | -2.6% | +16.8% | +29.9% | +22.4% | +29.3% |
| Key figures | ||||||||||||||||||||
| Total debt | +0.7% | +1.0% | +0.1% | -0.1% | +0.3% | -1.0% | +0.3% | +0.4% | -0.6% | -0.9% | -3.1% | -0.9% | -1.7% | +1.7% | +3.0% | +0.6% | +1.6% | +0.4% | +1.3% | +1.9% |
| Net debt / (net cash) | +1.0% | +1.5% | +0.2% | +0.3% | +1.4% | -1.0% | +0.9% | +0.5% | -1.2% | +0.4% | -3.3% | +0.6% | -2.7% | +1.0% | +3.0% | -0.1% | +2.4% | +0.6% | +1.6% | +1.1% |
| Shares outstanding | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Common equity | — | — | — | — | — | — | — | — | — | — | — | — | — | -817.2% | -314.2% | -195.2% | — | — | — | — |
| Book value per share (Rs) | — | — | — | — | — | — | — | — | — | — | — | — | — | -817.2% | -314.2% | -195.2% | — | — | — | — |
Change against the same quarter a year earlier; shown when the earlier figure is positive.
| Rs mn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 | Q2 FY2023 Jan – Mar 2023 | Q1 FY2023 Oct – Dec 2022 | Q4 FY2022 Jul – Sep 2022 | Q3 FY2022 Apr – Jun 2022 | Q2 FY2022 Jan – Mar 2022 | Q1 FY2022 Oct – Dec 2021 | Q4 FY2021 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Cash & short-term investments | 0.1% | 0.2% | 0.1% | 0.2% | 0.3% | 0.4% | 0.1% | 0.3% | 0.8% | 0.3% | 0.4% | 0.4% | 0.4% | 0.8% | 0.3% | 1.0% | 0.1% | 0.5% | 0.3% | 0.7% |
| Trade receivables | 1.1% | 0.5% | 0.6% | 0.7% | 0.3% | 0.4% | 0.6% | 0.5% | 0.6% | 0.7% | 0.4% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.8% | 2.8% | 0.7% | 0.2% |
| Inventories | 5.5% | 6.2% | 6.5% | 6.2% | 6.2% | 6.6% | 5.9% | 9.4% | 14.8% | 21.9% | 17.1% | 19.7% | 26.7% | 24.9% | 13.9% | 16.5% | 23.3% | 26.4% | 12.4% | 17.0% |
| Other current assets | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% |
| Total current assets | 11.9% | 12.0% | 12.5% | 11.6% | 14.7% | 15.2% | 16.4% | 17.5% | 25.6% | 32.3% | 27.1% | 29.9% | 32.0% | 29.6% | 25.8% | 26.4% | 28.1% | 33.8% | 20.3% | 21.8% |
| Property, plant & equipment | 88.1% | 88.0% | 87.5% | 88.4% | 85.3% | 84.8% | 83.6% | 82.5% | 74.4% | 67.7% | 72.9% | 70.1% | 68.0% | 70.4% | 74.2% | 73.6% | 71.9% | 66.2% | 79.7% | 78.2% |
| Total non-current assets | 88.1% | 88.0% | 87.5% | 88.4% | 85.3% | 84.8% | 83.6% | 82.5% | 74.4% | 67.7% | 72.9% | 70.1% | 68.0% | 70.4% | 74.2% | 73.6% | 71.9% | 66.2% | 79.7% | 78.2% |
| Total assets | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Liabilities | ||||||||||||||||||||
| Trade payables | 59.6% | 58.5% | 54.2% | 51.9% | 55.7% | 54.9% | 52.5% | 50.0% | 62.1% | 62.0% | 58.3% | 60.0% | 60.6% | 57.4% | 49.6% | 50.2% | 49.1% | 53.1% | 41.9% | 40.8% |
| Short-term borrowings & current portion of debt | 36.1% | 35.8% | 35.4% | 35.4% | 33.9% | 33.2% | 32.2% | 31.4% | 36.5% | 32.8% | 34.6% | 32.9% | 31.7% | 32.7% | 34.3% | 33.3% | 32.4% | 28.5% | 33.9% | 32.7% |
| Total current liabilities | 98.8% | 97.2% | 92.4% | 90.1% | 92.1% | 90.7% | 87.0% | 83.5% | 101.2% | 97.0% | 95.2% | 95.0% | 94.2% | 92.0% | 85.4% | 85.0% | 83.7% | 83.4% | 78.3% | 75.7% |
| Long-term debt | 6.8% | 6.6% | 6.3% | 5.9% | 5.5% | 5.2% | 5.4% | 5.1% | 5.8% | 5.6% | 5.7% | 5.2% | 5.3% | 5.6% | 6.4% | 5.4% | 5.0% | 4.4% | 5.0% | 4.7% |
| Other non-current liabilities | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | — | — | 0.0% | 0.0% |
| Total non-current liabilities | 26.5% | 26.3% | 26.0% | 25.8% | 24.8% | 24.4% | 24.3% | 23.8% | 21.4% | 19.8% | 21.1% | 20.1% | 19.8% | 20.8% | 22.6% | 21.5% | 16.5% | 15.1% | 18.0% | 17.6% |
| Total liabilities | 125.3% | 123.5% | 118.4% | 115.9% | 116.9% | 115.1% | 111.3% | 107.3% | 122.6% | 116.8% | 116.3% | 115.1% | 114.0% | 112.7% | 108.0% | 106.5% | 100.1% | 98.4% | 96.3% | 93.3% |
| Equity | ||||||||||||||||||||
| Share capital | 11.9% | 11.7% | 11.6% | 11.5% | 11.0% | 10.8% | 10.4% | 10.2% | 11.8% | 10.6% | 11.2% | 10.7% | 10.3% | 10.5% | 11.0% | 10.7% | 10.2% | 9.2% | 10.8% | 10.4% |
| Reserves & retained earnings | (37.2%) | (35.2%) | (29.9%) | (27.4%) | (27.9%) | (25.8%) | (21.8%) | (17.5%) | (34.4%) | (27.5%) | (27.5%) | (25.8%) | (24.3%) | (23.3%) | (19.0%) | (17.2%) | (10.3%) | (7.6%) | (7.1%) | (3.7%) |
| Equity attributable to shareholders | (25.3%) | (23.5%) | (18.4%) | (15.9%) | (16.9%) | (15.1%) | (11.3%) | (7.3%) | (22.6%) | (16.8%) | (16.3%) | (15.1%) | (14.0%) | (12.7%) | (8.0%) | (6.5%) | (0.1%) | 1.6% | 3.7% | 6.7% |
| Non-controlling interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total equity | (25.3%) | (23.5%) | (18.4%) | (15.9%) | (16.9%) | (15.1%) | (11.3%) | (7.3%) | (22.6%) | (16.8%) | (16.3%) | (15.1%) | (14.0%) | (12.7%) | (8.0%) | (6.5%) | (0.1%) | 1.6% | 3.7% | 6.7% |
| Total liabilities & equity | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Key figures | ||||||||||||||||||||
| Total debt | 43.0% | 42.4% | 41.7% | 41.4% | 39.4% | 38.5% | 37.6% | 36.5% | 42.3% | 38.4% | 40.3% | 38.2% | 37.0% | 38.3% | 40.7% | 38.6% | 37.4% | 32.9% | 39.0% | 37.4% |
| Net debt / (net cash) | 42.9% | 42.2% | 41.6% | 41.2% | 39.1% | 38.1% | 37.5% | 36.2% | 41.6% | 38.0% | 40.0% | 37.8% | 36.6% | 37.5% | 40.4% | 37.7% | 37.3% | 32.5% | 38.7% | 36.7% |
| Common equity | (25.3%) | (23.5%) | (18.4%) | (15.9%) | (16.9%) | (15.1%) | (11.3%) | (7.3%) | (22.6%) | (16.8%) | (16.3%) | (15.1%) | (14.0%) | (12.7%) | (8.0%) | (6.5%) | (0.1%) | 1.6% | 3.7% | 6.7% |
Each line as a percentage of total assets.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.
All reported line items 98
| Rs bn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Cash & Short Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Short-Term Investments - Total | — | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Loans & Receivables - Net - Short-Term | 0.5 | 0.4 | 0.5 | 0.4 | 0.7 | 0.7 | 0.9 | 0.7 | 0.8 | 0.9 | 0.8 | 0.8 |
| Loans & Receivables - Total | 0.5 | 0.4 | 0.5 | 0.4 | 0.7 | 0.7 | 0.9 | 0.7 | 0.8 | 0.9 | 0.8 | 0.8 |
| Trade Accounts & Trade Notes Receivable - Net | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 |
| Loans - Short-Term | 0.2 | 0.2 | 0.2 | 0.2 | 0.5 | 0.5 | 0.7 | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 |
| Income Tax - Receivables - Short-Term | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Inventories - Total | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.8 | 1.1 | 1.9 | 1.4 | 1.7 |
| Inventories - Raw Materials | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| Inventories - Finished Goods | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.7 | 1.0 | 1.7 | 1.2 | 1.5 |
| Investments - Total | — | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Assets - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Property, Plant & Equipment - Net - Total | 6.8 | 6.9 | 6.9 | 7.0 | 7.1 | 7.2 | 7.3 | 7.4 | 5.8 | 5.8 | 5.9 | 6.0 |
| Other Current Assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Assets - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Current Assets | 0.9 | 0.9 | 1.0 | 0.9 | 1.2 | 1.3 | 1.4 | 1.6 | 2.0 | 2.8 | 2.2 | 2.6 |
| Total Assets | 7.7 | 7.8 | 7.9 | 7.9 | 8.3 | 8.5 | 8.8 | 9.0 | 7.7 | 8.6 | 8.2 | 8.6 |
| Debt - Total | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 |
| Short-Term Debt & Current Portion of Long-Term Debt | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 | 2.8 |
| Current Portion of Long-Term Debt including Capitalized Leases | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 |
| Short-Term Debt & Notes Payable | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Debt - Long-Term - Total | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 |
| Current Portion of Long-Term Debt excluding Capitalized Leases | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | — | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 |
| Long-Term Debt excluding Capitalized Leases | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 |
| Debt - Non-Convertible - Long-Term | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 |
| Dividends Payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Tax & Investment Tax Credits - Long-Term | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.2 | 1.2 | 1.3 | 1.3 |
| Deferred Tax - Liability - Long-Term | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.2 | 1.2 | 1.3 | 1.3 |
| Payables & Accrued Expenses | 4.6 | 4.6 | 4.3 | 4.1 | 4.6 | 4.7 | 4.6 | 4.5 | 4.8 | 5.3 | 4.8 | 5.2 |
| Trade Account Payables - Total | 4.6 | 4.6 | 4.3 | 4.1 | 4.6 | 4.7 | 4.6 | 4.5 | 4.8 | 5.3 | 4.8 | 5.2 |
| Total Liabilities | 9.6 | 9.6 | 9.4 | 9.2 | 9.7 | 9.8 | 9.8 | 9.7 | 9.5 | 10.1 | 9.5 | 9.9 |
| Shareholders' Equity - Attributable to Parent Shareholders - Total | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Total Non-Current Assets | 6.8 | 6.9 | 6.9 | 7.0 | 7.1 | 7.2 | 7.3 | 7.4 | 5.8 | 5.8 | 5.9 | 6.0 |
| Common Equity Attributable to Parent Shareholders | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Common Equity - Contributed | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Common Stock - Issued & Paid | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Equity - Non-Contributed - Reserves & Retained Earnings | (2.9) | (2.7) | (2.4) | (2.2) | (2.3) | (2.2) | (1.9) | (1.6) | (2.7) | (2.4) | (2.2) | (2.2) |
| Retained Earnings - Total | (6.8) | (6.7) | (6.4) | (6.2) | (6.4) | (6.4) | (6.2) | (5.9) | (5.8) | (5.5) | (5.4) | (5.5) |
| Trade Accounts Payable & Accruals - Short-Term | 4.6 | 4.6 | 4.3 | 4.1 | 4.6 | 4.7 | 4.6 | 4.5 | 4.8 | 5.3 | 4.8 | 5.2 |
| Comprehensive Income - Accumulated - Total | 3.9 | 3.9 | 4.0 | 4.1 | 4.1 | 4.2 | 4.3 | 4.3 | 3.1 | 3.1 | 3.2 | 3.2 |
| Trade Accounts & Trade Notes Payable - Short-Term | 4.6 | 4.6 | 4.3 | 4.1 | 4.6 | 4.7 | 4.6 | 4.5 | 4.8 | 5.3 | 4.8 | 5.2 |
| Income Taxes - Payable - Short-Term | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Dividends/Distributions Payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Common Equity - Total | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Total Shareholders' Equity - including Minority Interest & Hybrid Debt | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Total Liabilities & Equity | 7.7 | 7.8 | 7.9 | 7.9 | 8.3 | 8.5 | 8.8 | 9.0 | 7.7 | 8.6 | 8.2 | 8.6 |
| Other Current Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Revaluation Reserves | 3.9 | 3.9 | 4.0 | 4.1 | 4.1 | 4.2 | 4.3 | 4.3 | 3.1 | 3.1 | 3.2 | 3.2 |
| Total Current Liabilities | 7.6 | 7.6 | 7.3 | 7.2 | 7.7 | 7.7 | 7.6 | 7.5 | 7.8 | 8.4 | 7.8 | 8.2 |
| Other Non-Current Liabilities - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Non-Current Liabilities | 2.0 | 2.0 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 1.7 | 1.7 | 1.7 | 1.7 |
| Common Shares - Issued - Total mn | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 |
| Common Shares - Outstanding - Total mn | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 |
| Common Shares - Treasury - Total mn | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Common Shares - Authorized - Issue Specific mn | 130.0 | 130.0 | 130.0 | 130.0 | 130.0 | 130.0 | 130,000.0 | 130.0 | 130.0 | 130.0 | 130.0 | 130.0 |
| Common Shares - Issued - Issue Specific mn | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 |
| Common Shares - Outstanding - Issue Specific mn | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 | 91.5 |
| Common Shares - Treasury - Issue Specific mn | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Asset Allocation Factor - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Debt including Finance and Operating Lease Liabilities - Supplemental | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 |
| Net Debt | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.2 | 3.3 | 3.3 | 3.2 | 3.3 | 3.3 | 3.2 |
| Asset Accruals | 7.7 | 7.8 | 7.9 | 7.9 | 8.3 | 8.5 | 8.8 | 9.0 | 7.7 | 8.6 | 8.1 | 8.5 |
| Cash & Cash Equivalents - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Cash & Short Term Investments - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Debt - including Preferred Equity & Minority Interest - Total | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 |
| Net Book Capital | 1.3 | 1.5 | 1.8 | 2.0 | 1.9 | 2.0 | 2.3 | 2.6 | 1.5 | 1.8 | 1.9 | 1.9 |
| Net Operating Assets | 1.3 | 1.5 | 1.8 | 2.0 | 1.9 | 2.0 | 2.3 | 2.6 | 1.5 | 1.8 | 1.9 | 1.9 |
| Provisions - Total | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.2 | 1.2 | 1.3 | 1.3 |
| Shareholders Equity - Common | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Tangible Total Equity | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Tangible Book Value | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Total Book Capital | 1.4 | 1.5 | 1.9 | 2.0 | 1.9 | 2.0 | 2.3 | 2.6 | 1.5 | 1.9 | 2.0 | 2.0 |
| Total Capital | 1.4 | 1.5 | 1.9 | 2.0 | 1.9 | 2.0 | 2.3 | 2.6 | 1.5 | 1.9 | 2.0 | 2.0 |
| Total Long Term Capital | 0.1 | 0.2 | 0.6 | 0.8 | 0.7 | 0.8 | 1.1 | 1.5 | (0.1) | 0.3 | 0.4 | 0.4 |
| Book Value excluding Other Equity | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Income Taxes - Payable - Long-Term & Short-Term | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Accruals - Short-Term | (6.7) | (6.7) | (6.3) | (6.2) | (6.5) | (6.4) | (6.2) | (6.0) | (5.9) | (5.6) | (5.6) | (5.6) |
| Cash & Short Term Investments - Net of Debt | (3.3) | (3.3) | (3.3) | (3.3) | (3.3) | (3.2) | (3.3) | (3.3) | (3.2) | (3.3) | (3.3) | (3.2) |
| Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 |
| Total Fixed Assets - Net | 6.8 | 6.9 | 6.9 | 7.0 | 7.1 | 7.2 | 7.3 | 7.4 | 5.8 | 5.8 | 5.9 | 6.0 |
| Working Capital | (6.7) | (6.6) | (6.3) | (6.2) | (6.5) | (6.4) | (6.2) | (5.9) | (5.8) | (5.6) | (5.6) | (5.6) |
| Interest Bearing Liabilities - Total | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 |
| Working Capital - Non-Cash | (6.7) | (6.7) | (6.3) | (6.2) | (6.5) | (6.4) | (6.2) | (6.0) | (5.9) | (5.6) | (5.6) | (5.6) |
| Working Capital excluding Other Current Assets & Liabilities | (6.7) | (6.6) | (6.3) | (6.2) | (6.5) | (6.4) | (6.2) | (5.9) | (5.8) | (5.6) | (5.6) | (5.6) |
| Net Debt Including Preferred Equity & Minority Interest | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.2 | 3.3 | 3.3 | 3.2 | 3.3 | 3.3 | 3.2 |
| Other Short-Term & Long-Term Assets - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Short-Term & Long-Term Liabilities - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Current Assets excluding Total Inventories | 0.5 | 0.5 | 0.5 | 0.4 | 0.7 | 0.7 | 0.9 | 0.7 | 0.8 | 0.9 | 0.8 | 0.9 |
| Tangible Book Value excluding Other Equity | (1.9) | (1.8) | (1.5) | (1.3) | (1.4) | (1.3) | (1.0) | (0.7) | (1.7) | (1.4) | (1.3) | (1.3) |
| Total Debt Excluding Islamic | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 |
| Trade Accounts & Trade Notes Receivable - Net - Total | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 |
| Current Liabilities excluding Current Debt - Total | 4.8 | 4.8 | 4.5 | 4.3 | 4.9 | 4.9 | 4.8 | 4.7 | 5.0 | 5.5 | 4.9 | 5.3 |
| Cash in Hand & with Banks - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Current Assets excluding Cash & Short Term Investments - Total | 0.9 | 0.9 | 1.0 | 0.9 | 1.2 | 1.3 | 1.4 | 1.6 | 1.9 | 2.8 | 2.2 | 2.5 |
| Cash, Short Term Investments & Accounts Receivable - Total | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.