Engro Powergen Qadirpur Limited (EPQL) financial ratios

Engro Powergen Qadirpur Limited earned a net margin of 7.0% in FY2025 against a five-year average of 14.5% (Power Generation & Distribution median 3.9%). Return on equity was 6.5%, compared with a sector median of 0.2%. The current ratio stood at 1.42× and debt was 18.3% of equity. Cash took about 231 days to cycle through receivables, inventory and payables.

FY2025 vs the Power Generation & Distribution median

Gross margin: 11.0%; Sector median 12.5%
Operating margin: 6.9%; Sector median 6.9%
Net margin: 7.0%; Sector median 3.9%
Return on equity (ROE): 6.5%; Sector median 0.2%
Return on assets (ROA): 4.5%; Sector median 0.1%
Current ratio: 1.42×; Sector median 2.32×
Debt to equity: 18.3%; Sector median 32.9%
Asset turnover: 0.64×; Sector median 0.17×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 16 companies in the sector with the figure for their latest fiscal year.

EPQL 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
Profitability
Gross margin	11.0%	21.1%	20.1%	17.1%	13.6%	21.5%	27.4%	25.3%	23.4%	19.6%	18.5%	22.4%	19.1%	22.6%
EBITDA margin	14.6%	20.9%	23.0%	21.7%	19.2%	29.3%	32.5%	30.3%	28.5%	24.3%	22.2%	26.9%	25.7%	26.7%
Operating margin	6.9%	14.5%	16.6%	13.3%	11.4%	19.4%	26.2%	23.8%	22.0%	17.9%	16.7%	21.0%	17.6%	21.5%
Pre-tax margin	7.3%	16.2%	19.0%	14.7%	15.6%	25.9%	25.8%	22.1%	20.6%	15.6%	13.5%	16.8%	16.8%	18.0%
Net margin	7.0%	16.2%	18.9%	14.7%	15.6%	25.7%	25.8%	22.1%	20.6%	15.6%	13.5%	16.8%	16.8%	18.0%
Effective tax rate	3.1%	0.4%	0.4%	0.5%	0.1%	0.7%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%
Returns
Return on equity (ROE)	6.5%	14.9%	18.2%	10.1%	10.0%	14.0%	26.7%	24.6%	26.2%	22.4%	25.7%	33.6%	23.7%	—
Return on assets (ROA)	4.5%	9.6%	10.6%	5.7%	6.0%	7.8%	13.2%	11.6%	11.6%	9.0%	9.3%	10.6%	6.7%	—
Return on invested capital (ROIC)	7.2%	15.5%	19.1%	10.2%	9.5%	13.4%	21.3%	16.8%	15.7%	12.4%	12.8%	14.6%	11.0%	—
Liquidity
Current ratio	1.42×	1.52×	1.43×	1.16×	1.37×	1.43×	1.04×	0.87×	0.92×	0.92×	0.94×	0.98×	0.94×	1.26×
Quick ratio	1.19×	1.39×	1.32×	1.08×	1.32×	1.34×	0.98×	0.79×	0.82×	0.80×	0.80×	0.82×	0.75×	1.17×
Leverage
Debt to equity	18.3%	28.1%	26.7%	45.9%	29.4%	23.1%	32.7%	63.5%	82.3%	110.3%	136.0%	171.0%	215.0%	202.6%
Debt to capital	15.5%	21.9%	21.1%	31.5%	22.7%	18.8%	24.7%	38.8%	45.2%	52.4%	57.6%	63.1%	68.3%	67.0%
Debt to assets	13.5%	18.6%	16.7%	24.9%	17.3%	14.2%	16.6%	30.3%	38.0%	46.4%	52.1%	58.5%	62.4%	56.2%
Assets to equity	1.44×	1.55×	1.71×	1.76×	1.66×	1.79×	2.03×	2.13×	2.27×	2.49×	2.76×	3.16×	3.53×	—
Efficiency
Asset turnover	0.64×	0.60×	0.56×	0.39×	0.39×	0.31×	0.51×	0.52×	0.56×	0.58×	0.69×	0.63×	0.40×	—
Receivable days days	213	287	306	474	474	562	289	206	152	109	70	52	180	—
Inventory days days	34	33	31	31	29	49	34	37	36	33	27	29	36	—
Payable days days	16	59	102	178	173	290	195	113	43	13	8	9	81	—
Cash conversion cycle days	231	261	235	326	329	320	127	129	144	129	89	73	135	—
Dividends
Dividend payout ratio	0.0%	90.8%	0.0%	0.0%	121.9%	19.5%	28.5%	18.5%	44.0%	54.3%	63.0%	48.7%	137.0%	33.1%
Earnings retention rate	1.00×	0.09×	1.00×	1.00×	(0.22×)	0.81×	0.71×	0.82×	0.56×	0.46×	0.37×	0.51×	(0.37×)	0.67×

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.

EPQL: frequently asked questions

What is EPQL's EPS?

Engro Powergen Qadirpur Limited reported basic earnings per share of Rs 2.58 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 2.23.

What is EPQL's P/E ratio?

At the closing price of Rs 23.57 on 16 Oct 2026, EPQL trades at a P/E of 10.6× based on EPS of Rs 2.23 (TTM to Jun 2026).

Does EPQL pay dividends?

Yes. Engro Powergen Qadirpur Limited declared a dividend of Rs 11.75 per share for FY2025. It has paid a dividend in each of the last 14 years. At Rs 23.57 that is a dividend yield of 49.9%.

What was EPQL's revenue and profit in FY2025?

Engro Powergen Qadirpur Limited reported revenue of Rs 11.9 bn and profit attributable to shareholders of Rs 836.3 mn for FY2025 (Jan – Dec 2025).

What is EPQL's book value per share?

Engro Powergen Qadirpur Limited's book value per share was Rs 35.92 at the end of FY2025. The shares trade at 0.66× book value.

Information only, not investment advice.