Flying Cement Company Limited (FLYNG) financial ratios

Flying Cement Company Limited earned a net margin of 5.7% in FY2025 against a five-year average of 7.0% (Cement median 12.5%). Return on equity was 5.2%, compared with a sector median of 15.4%. The current ratio stood at 0.27× and debt was 41.0% of equity. Cash took about -216 days to cycle through receivables, inventory and payables.

FY2025 vs the Cement median

Gross margin: 15.1%; Sector median 26.5%
Operating margin: 10.7%; Sector median 19.4%
Net margin: 5.7%; Sector median 12.5%
Return on equity (ROE): 5.2%; Sector median 15.4%
Return on assets (ROA): 2.4%; Sector median 8.0%
Current ratio: 0.27×; Sector median 1.19×
Debt to equity: 41.0%; Sector median 34.0%
Asset turnover: 0.42×; Sector median 0.56×
Dividend payout ratio: 0.0%; Sector median 6.6%

Median of the 19 companies in the sector with the figure for their latest fiscal year.

FLYNG financial ratios (annual) (Rs mn)
Rs mn	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	FY2006 Jul 2005 – Jun 2006
Profitability
Gross margin	15.1%	7.3%	13.6%	16.3%	9.4%	(42.8%)	5.8%	8.8%	8.2%	6.7%	5.4%	5.1%	(0.6%)	(13.0%)	(22.5%)	(108.6%)	(11.8%)	(130.4%)	16.2%	27.3%
EBITDA margin	12.2%	7.8%	14.5%	16.7%	11.2%	(36.2%)	6.4%	9.5%	9.6%	8.6%	7.6%	8.1%	8.4%	(7.2%)	(11.9%)	(32.6%)	(4.2%)	(96.8%)	20.4%	30.7%
Operating margin	10.7%	4.1%	10.5%	13.9%	6.8%	(48.9%)	3.6%	6.4%	5.8%	4.8%	3.4%	3.5%	(2.4%)	(14.0%)	(24.5%)	(126.9%)	(15.5%)	(145.0%)	14.0%	24.5%
Pre-tax margin	10.1%	7.4%	8.7%	13.3%	7.9%	(47.5%)	5.6%	8.0%	8.1%	7.9%	8.5%	7.3%	3.5%	(19.6%)	(30.7%)	(250.5%)	(35.9%)	(209.3%)	6.8%	18.2%
Net margin	5.7%	1.1%	6.4%	17.4%	4.5%	(49.2%)	4.4%	6.2%	6.5%	5.9%	5.3%	4.9%	1.3%	2.2%	(20.2%)	(213.6%)	(24.3%)	(172.2%)	1.4%	18.3%
Effective tax rate	43.8%	84.6%	26.6%	(30.2%)	43.4%	—	22.7%	22.1%	18.9%	25.4%	37.8%	33.7%	62.6%	—	—	—	—	—	79.1%	(0.5%)
Returns
Return on equity (ROE)	5.2%	0.4%	2.2%	8.8%	1.7%	(6.5%)	2.1%	4.0%	4.4%	4.2%	3.5%	3.1%	0.3%	0.9%	(4.5%)	(5.1%)	(4.5%)	(7.3%)	0.4%	—
Return on assets (ROA)	2.4%	0.2%	1.3%	4.8%	0.8%	(3.6%)	1.2%	2.1%	2.4%	2.3%	1.9%	1.7%	0.2%	0.5%	(2.7%)	(3.1%)	(3.0%)	(5.1%)	0.3%	—
Return on invested capital (ROIC)	3.9%	0.4%	2.2%	6.6%	1.3%	—	1.8%	3.5%	3.7%	3.7%	3.0%	2.9%	0.5%	—	—	—	—	—	0.6%	—
Liquidity
Current ratio	0.27×	0.27×	0.33×	0.40×	0.56×	0.79×	0.86×	1.16×	0.86×	0.57×	0.50×	0.49×	0.56×	0.57×	0.66×	0.93×	1.00×	1.03×	1.56×	2.63×
Quick ratio	0.10×	0.10×	0.16×	0.21×	0.27×	0.24×	0.39×	0.77×	0.51×	0.30×	0.18×	0.14×	0.12×	0.14×	0.18×	0.31×	0.32×	0.39×	0.54×	1.62×
Leverage
Debt to equity	41.0%	50.9%	51.1%	42.8%	69.3%	65.8%	31.9%	36.8%	30.6%	13.3%	10.5%	21.5%	24.8%	26.2%	29.2%	23.1%	18.4%	14.9%	3.4%	0.2%
Debt to capital	29.1%	33.7%	33.8%	30.0%	40.9%	39.7%	24.2%	26.9%	23.4%	11.7%	9.5%	17.7%	19.9%	20.7%	22.6%	18.8%	15.5%	13.0%	3.3%	0.2%
Debt to assets	17.9%	24.8%	27.3%	25.4%	34.0%	32.9%	19.5%	20.5%	15.8%	7.5%	5.9%	11.9%	13.6%	15.0%	17.0%	13.8%	11.8%	10.2%	2.4%	0.2%
Assets to equity	2.17×	1.96×	1.78×	1.84×	2.02×	1.82×	1.70×	1.85×	1.85×	1.77×	1.80×	1.82×	1.79×	1.73×	1.69×	1.61×	1.51×	1.44×	1.37×	—
Efficiency
Asset turnover	0.42×	0.19×	0.20×	0.28×	0.19×	0.07×	0.28×	0.34×	0.36×	0.40×	0.37×	0.35×	0.15×	0.24×	0.13×	0.01×	0.12×	0.03×	0.23×	—
Receivable days days	6	15	15	12	11	2	1	1	0	1	1	1	3	2	31	499	55	340	63	—
Inventory days days	58	99	87	84	210	393	134	117	92	85	96	106	232	104	174	999	213	433	115	—
Payable days days	279	408	283	154	240	494	217	233	266	251	241	215	397	115	120	652	73	161	54	—
Cash conversion cycle days	(216)	(295)	(182)	(58)	(20)	(100)	(82)	(116)	(174)	(167)	(145)	(108)	(163)	(9)	86	844	195	612	123	—
Dividends
Dividend payout ratio	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%
Earnings retention rate	1.00×	1.00×	1.00×	1.00×	1.00×	—	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	—	—	—	—	1.00×	1.00×

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.

FLYNG: frequently asked questions

What is FLYNG's EPS?

Flying Cement Company Limited reported basic earnings per share of Rs 0.92 for FY2025 (Jul 2024 – Jun 2025). Over the trailing twelve months (TTM to Mar 2026) EPS was Rs 1.28.

What is FLYNG's P/E ratio?

At the closing price of Rs 32.67 on 16 Oct 2026, FLYNG trades at a P/E of 25.6× based on EPS of Rs 1.28 (TTM to Mar 2026).

Does FLYNG pay dividends?

Flying Cement Company Limited did not declare a cash dividend for FY2025.

What was FLYNG's revenue and profit in FY2025?

Flying Cement Company Limited reported revenue of Rs 11.2 bn and profit attributable to shareholders of Rs 638.5 mn for FY2025 (Jul 2024 – Jun 2025).

What is FLYNG's book value per share?

Flying Cement Company Limited's book value per share was Rs 17.74 at the end of FY2025. The shares trade at 1.76× book value.

Information only, not investment advice.