Engro Polymer & Chemicals Limited (EPCL) financial ratios

Engro Polymer & Chemicals Limited earned a net margin of -5.0% in FY2025 against a five-year average of 8.3% (Chemical median 4.7%). Return on equity was -16.8%, compared with a sector median of 12.2%. The current ratio stood at 1.46× and debt was 233.5% of equity. Cash took about 92 days to cycle through receivables, inventory and payables.

FY2025 vs the Chemical median

Gross margin: 6.2%; Sector median 18.7%
Operating margin: 3.2%; Sector median 11.8%
Net margin: -5.0%; Sector median 4.7%
Return on equity (ROE): -16.8%; Sector median 12.2%
Return on assets (ROA): -3.6%; Sector median 7.1%
Current ratio: 1.46×; Sector median 1.46×
Debt to equity: 233.5%; Sector median 45.9%
Asset turnover: 0.72×; Sector median 1.05×

Median of the 25 companies in the sector with the figure for their latest fiscal year.

EPCL financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 * Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 * Jan – Dec 2007	FY2006 Jan – Dec 2006
Profitability
Gross margin	6.2%	8.7%	25.3%	28.5%	34.4%	31.0%	21.4%	21.3%	22.3%	17.2%	12.5%	7.0%	20.6%	17.3%	12.7%	31.9%	10.5%	28.8%	36.6%	18.6%
EBITDA margin	8.1%	8.8%	26.2%	28.5%	33.7%	32.6%	21.9%	22.3%	18.0%	13.2%	10.4%	4.1%	17.1%	17.0%	11.8%	32.1%	8.9%	25.3%	9.1%	11.8%
Operating margin	3.2%	5.2%	21.9%	24.8%	30.4%	27.6%	17.8%	19.6%	14.6%	9.4%	4.7%	(1.1%)	12.3%	11.3%	5.0%	26.9%	4.5%	23.3%	6.8%	11.8%
Pre-tax margin	(4.3%)	(4.1%)	16.6%	20.3%	28.5%	23.3%	13.3%	18.3%	11.2%	5.2%	(1.6%)	(6.4%)	5.4%	1.0%	(6.3%)	(6.3%)	(1.7%)	4.8%	7.2%	10.8%
Net margin	(5.0%)	(0.2%)	11.0%	14.2%	21.5%	16.2%	9.8%	14.0%	7.4%	2.9%	(2.9%)	(4.7%)	2.9%	0.4%	(4.1%)	(3.9%)	(1.7%)	3.7%	5.3%	7.1%
Effective tax rate	—	—	34.0%	30.0%	24.6%	30.4%	26.7%	23.7%	34.1%	44.4%	—	—	47.4%	63.7%	—	—	—	23.1%	26.9%	34.0%
Returns
Return on equity (ROE)	(16.8%)	(0.6%)	35.9%	45.8%	59.1%	28.0%	21.4%	40.2%	29.8%	11.6%	(11.4%)	(16.9%)	10.5%	1.2%	(10.6%)	(11.5%)	(3.0%)	6.0%	11.7%	18.8%
Return on assets (ROA)	(3.6%)	(0.2%)	10.2%	14.3%	20.5%	9.1%	7.9%	16.3%	8.4%	2.7%	(2.5%)	(4.3%)	2.8%	0.3%	(2.9%)	(3.3%)	(0.9%)	2.5%	6.1%	9.4%
Return on invested capital (ROIC)	—	—	19.7%	23.8%	30.1%	14.7%	14.2%	26.3%	15.8%	7.0%	—	—	7.1%	3.1%	—	—	—	3.6%	10.0%	16.2%
Liquidity
Current ratio	1.46×	0.94×	1.02×	1.10×	1.39×	1.58×	1.12×	1.45×	1.04×	0.80×	0.51×	0.59×	0.71×	0.58×	0.54×	0.76×	0.69×	0.75×	3.32×	1.03×
Quick ratio	1.03×	0.47×	0.43×	0.71×	0.78×	1.07×	0.74×	1.00×	0.37×	0.32×	0.18×	0.21×	0.28×	0.18×	0.17×	0.32×	0.32×	0.27×	2.59×	0.41×
Leverage
Debt to equity	233.5%	153.7%	118.0%	104.5%	85.6%	100.7%	152.3%	44.7%	112.8%	158.2%	211.6%	162.9%	148.9%	183.3%	189.6%	201.0%	199.3%	136.3%	28.3%	40.6%
Debt to capital	70.0%	60.6%	54.1%	51.1%	46.1%	50.2%	60.4%	30.9%	53.0%	61.3%	67.9%	62.0%	59.8%	64.7%	65.5%	66.8%	66.6%	57.7%	22.1%	28.9%
Debt to assets	48.1%	43.2%	38.9%	33.9%	33.1%	38.1%	47.1%	20.8%	35.9%	38.9%	46.6%	36.9%	41.4%	46.2%	47.9%	57.4%	55.9%	48.9%	15.5%	19.5%
Assets to equity	4.16×	3.29×	3.16×	2.86×	2.62×	2.88×	2.71×	2.46×	3.54×	4.29×	4.47×	3.97×	3.77×	3.96×	3.72×	3.53×	3.17×	2.36×	1.90×	1.99×
Efficiency
Asset turnover	0.72×	0.79×	0.92×	1.00×	0.95×	0.56×	0.81×	1.17×	1.14×	0.94×	0.88×	0.92×	0.98×	0.83×	0.69×	0.83×	0.57×	0.68×	1.17×	1.33×
Receivable days days	59	44	22	14	7	12	16	19	25	30	32	27	23	27	29	23	28	17	12	25
Inventory days days	89	105	100	86	90	104	68	69	84	88	93	83	85	86	79	63	54	62	76	62
Payable days days	55	30	20	25	33	50	39	34	57	91	112	107	99	103	77	42	35	46	72	80
Cash conversion cycle days	92	119	102	74	64	65	45	54	52	26	13	3	8	10	31	45	47	33	16	6
Dividends
Dividend payout ratio	—	—	0.0%	38.9%	0.0%	0.0%	36.9%	20.3%	25.9%	0.0%	—	—	0.0%	0.0%	—	—	—	0.0%	148.6%	86.8%
Earnings retention rate	—	—	1.00×	0.61×	1.00×	1.00×	0.63×	0.80×	0.74×	1.00×	—	—	1.00×	1.00×	—	—	—	1.00×	(0.49×)	0.13×

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.

EPCL: frequently asked questions

What is EPCL's EPS?

Engro Polymer & Chemicals Limited reported basic earnings per share of Rs -4.29 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 1.06.

What is EPCL's P/E ratio?

At the closing price of Rs 31.77 on 16 Oct 2026, EPCL trades at a P/E of 30.0× based on EPS of Rs 1.06 (TTM to Jun 2026).

Does EPCL pay dividends?

Engro Polymer & Chemicals Limited did not declare a cash dividend for FY2025.

What was EPCL's revenue and profit in FY2025?

Engro Polymer & Chemicals Limited reported revenue of Rs 78.0 bn and profit attributable to shareholders of -Rs 3.9 bn for FY2025 (Jan – Dec 2025).

What is EPCL's book value per share?

Engro Polymer & Chemicals Limited's book value per share was Rs 23.27 at the end of FY2025. The shares trade at 1.27× book value.

Information only, not investment advice.