Fauji Fertilizer Company Limited (FFC) financial ratios

Fauji Fertilizer Company Limited earned a net margin of 17.6% in FY2025 against a five-year average of 25.3% (Fertilizer median 15.2%). Return on equity was 33.2%, compared with a sector median of 27.4%. The current ratio stood at 1.27× and debt was 32.1% of equity. Cash took about -57 days to cycle through receivables, inventory and payables.

FY2025 vs the Fertilizer median

Gross margin: 30.8%; Sector median 28.3%
Operating margin: 20.6%; Sector median 20.6%
Net margin: 17.6%; Sector median 15.2%
Return on equity (ROE): 33.2%; Sector median 27.4%
Return on assets (ROA): 14.3%; Sector median 12.4%
Current ratio: 1.27×; Sector median 1.25×
Debt to equity: 32.1%; Sector median 44.4%
Asset turnover: 0.82×; Sector median 0.81×
Dividend payout ratio: 48.8%; Sector median 30.0%

Median of the 5 companies in the sector with the figure for their latest fiscal year.

FFC 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	30.8%	35.0%	42.4%	39.5%	36.2%	33.5%	29.8%	26.6%	20.4%	25.2%	35.0%	39.4%	46.8%	38.9%	49.0%	37.5%	34.8%	35.9%	36.8%	32.3%
EBITDA margin	22.7%	26.1%	32.5%	30.0%	26.4%	25.1%	22.5%	18.8%	12.2%	16.9%	27.4%	31.7%	37.9%	31.0%	40.9%	29.7%	45.0%	49.2%	49.0%	47.6%
Operating margin	20.6%	24.3%	29.5%	26.0%	23.2%	21.9%	19.6%	16.0%	9.0%	12.9%	24.4%	28.8%	35.2%	28.7%	38.6%	26.9%	41.8%	45.6%	44.4%	43.3%
Pre-tax margin	28.1%	34.2%	39.4%	40.3%	43.6%	38.5%	21.5%	21.7%	17.9%	24.0%	31.7%	30.3%	35.9%	28.5%	40.3%	26.7%	23.1%	24.0%	25.8%	22.2%
Net margin	17.6%	20.8%	26.2%	27.3%	34.9%	29.0%	15.8%	15.0%	12.3%	15.9%	22.3%	20.7%	23.7%	18.4%	25.8%	17.1%	14.5%	6.7%	16.4%	14.0%
Effective tax rate	37.6%	39.2%	33.5%	32.1%	20.1%	24.8%	26.5%	30.7%	31.5%	33.5%	29.7%	31.7%	33.9%	35.4%	36.0%	35.9%	37.1%	72.2%	36.4%	36.9%
Returns
Return on equity (ROE)	33.2%	43.6%	35.1%	30.6%	44.1%	42.6%	29.4%	30.1%	22.3%	23.8%	41.7%	45.4%	54.1%	75.9%	108.5%	76.0%	63.9%	18.9%	43.7%	41.8%
Return on assets (ROA)	14.3%	19.0%	14.5%	11.4%	16.2%	14.8%	9.5%	10.3%	8.7%	10.1%	17.0%	15.3%	16.8%	22.8%	34.0%	21.0%	14.7%	6.0%	13.0%	12.8%
Return on invested capital (ROIC)	25.9%	34.5%	25.2%	19.5%	28.2%	28.5%	19.1%	17.8%	13.7%	13.9%	23.2%	48.7%	31.2%	34.5%	46.0%	29.3%	20.7%	8.1%	16.7%	16.0%
Liquidity
Current ratio	1.27×	1.25×	1.08×	1.06×	1.22×	1.40×	0.92×	0.96×	0.94×	0.91×	0.85×	0.68×	0.75×	1.08×	1.11×	1.01×	0.96×	1.00×	1.05×	1.09×
Quick ratio	1.01×	1.06×	0.99×	0.90×	1.16×	1.34×	0.81×	0.79×	0.87×	0.73×	0.60×	0.60×	0.63×	0.86×	0.92×	0.85×	0.78×	0.73×	0.81×	0.84×
Leverage
Debt to equity	32.1%	32.1%	27.5%	71.7%	67.8%	54.8%	62.8%	88.5%	80.5%	105.8%	98.3%	59.7%	94.3%	92.6%	88.0%	93.0%	134.8%	187.2%	126.1%	121.4%
Debt to capital	24.3%	24.3%	21.6%	41.7%	40.4%	35.4%	38.6%	47.0%	44.6%	51.4%	49.6%	37.4%	48.5%	48.1%	46.8%	48.2%	57.4%	65.2%	55.8%	54.8%
Debt to assets	13.9%	13.7%	12.6%	26.6%	25.7%	20.1%	20.5%	28.4%	29.7%	43.6%	42.7%	22.6%	29.8%	30.7%	30.3%	29.2%	37.1%	46.6%	39.1%	40.9%
Assets to equity	2.33×	2.28×	2.41×	2.67×	2.68×	2.87×	3.09×	2.93×	2.57×	2.37×	2.46×	2.88×	3.09×	2.97×	3.02×	3.38×	3.82×	3.64×	3.10×	3.04×
Efficiency
Asset turnover	0.82×	0.91×	0.55×	0.42×	0.47×	0.51×	0.60×	0.68×	0.71×	0.63×	0.76×	0.74×	0.71×	1.24×	1.32×	1.22×	1.01×	0.90×	0.79×	0.91×
Receivable days days	31	33	79	112	100	107	89	65	61	44	19	19	31	15	8	8	40	58	33	18
Inventory days days	65	44	71	81	29	44	67	48	30	54	41	40	78	46	46	40	64	76	69	55
Payable days days	151	146	239	249	173	242	252	153	71	21	87	140	97	37	37	25	32	32	23	28
Cash conversion cycle days	(57)	(70)	(89)	(56)	(44)	(91)	(96)	(40)	21	77	(27)	(82)	12	24	16	23	72	102	78	46
Dividends
Dividend payout ratio	48.8%	29.6%	39.8%	51.4%	42.3%	47.3%	79.3%	61.5%	77.5%	83.6%	77.6%	107.5%	127.9%	96.7%	72.6%	74.0%	48.5%	214.9%	97.8%	97.7%
Earnings retention rate	0.51×	0.70×	0.60×	0.49×	0.58×	0.53×	0.21×	0.38×	0.23×	0.16×	0.22×	(0.08×)	(0.28×)	0.03×	0.27×	0.26×	0.51×	(1.15×)	0.02×	0.02×

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.

FFC: frequently asked questions

What is FFC's EPS?

Fauji Fertilizer Company Limited reported basic earnings per share of Rs 58.44 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 61.43.

What is FFC's P/E ratio?

At the closing price of Rs 537.87 on 16 Oct 2026, FFC trades at a P/E of 8.8× based on EPS of Rs 61.43 (TTM to Jun 2026).

Does FFC pay dividends?

Yes. Fauji Fertilizer Company Limited declared a dividend of Rs 37.00 per share for FY2025. It has paid a dividend in each of the last 20 years. At Rs 537.87 that is a dividend yield of 6.9%.

What was FFC's revenue and profit in FY2025?

Fauji Fertilizer Company Limited reported revenue of Rs 483.8 bn and profit attributable to shareholders of Rs 83.2 bn for FY2025 (Jan – Dec 2025).

What is FFC's book value per share?

Fauji Fertilizer Company Limited's book value per share was Rs 182.61 at the end of FY2025. The shares trade at 2.83× book value.

Information only, not investment advice.