First National Equities Limited (FNEL) financial ratios

First National Equities Limited earned a net margin of 63.0% in FY2026 against a five-year average of -110.3% (Inv. Banks / Inv. Cos. / Securities Cos. median 35.1%). Return on equity was 20.7%, compared with a sector median of 18.1%. The current ratio stood at 1.16× and debt was 29.6% of equity. Cash took about 247 days to cycle through receivables, inventory and payables.

FY2026 vs the Inv. Banks / Inv. Cos. / Securities Cos. median

Net margin: 63.0%; Sector median 35.1%
Return on equity (ROE): 20.7%; Sector median 18.1%
Return on assets (ROA): 13.3%; Sector median 7.8%
Debt to equity: 29.6%; Sector median 30.4%
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 34 companies in the sector with the figure for their latest fiscal year.

FNEL financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	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
Profitability
Pre-tax margin	73.7%	(159.7%)	(218.0%)	—	—	160.0%	311.6%	8,221.1%	—	80.8%	(95.2%)	122.8%	76.8%	(13.3%)	24.9%	(253.4%)	(120.6%)	(3,533.4%)	5.7%	25.0%
Net margin	63.0%	(174.6%)	(219.2%)	—	—	101.3%	384.4%	7,379.1%	—	94.9%	41.1%	154.6%	70.1%	(18.1%)	11.6%	(251.7%)	(236.5%)	(3,184.5%)	1.7%	18.5%
Effective tax rate	14.5%	—	—	—	29.7%	36.7%	(23.3%)	10.2%	—	(17.5%)	—	(25.9%)	8.7%	—	53.3%	—	—	—	70.8%	25.9%
Returns
Return on equity (ROE)	20.7%	(7.1%)	(4.4%)	(7.1%)	9.3%	—	—	78.8%	(61.4%)	90.2%	9.5%	—	—	—	—	—	—	(1,566.4%)	0.7%	7.3%
Return on assets (ROA)	13.3%	(4.4%)	(2.8%)	(4.6%)	5.8%	—	—	37.8%	(14.2%)	11.8%	0.9%	22.4%	10.5%	(1.7%)	3.4%	(19.1%)	(12.0%)	(59.0%)	0.2%	3.0%
Leverage
Debt to equity	29.6%	36.0%	34.6%	32.0%	29.6%	38.5%	—	48.3%	103.8%	487.4%	582.7%	1,349.5%	—	—	—	—	—	—	147.2%	40.4%
Debt to capital	22.8%	26.5%	25.7%	24.2%	22.8%	27.8%	—	32.6%	50.9%	83.0%	85.4%	93.1%	121.5%	166.7%	190.8%	284.2%	174.0%	144.3%	59.5%	28.8%
Debt to assets	19.4%	22.7%	21.4%	20.6%	19.5%	22.9%	—	27.4%	36.6%	66.7%	73.1%	74.4%	93.3%	99.1%	122.9%	128.0%	143.1%	124.4%	36.0%	13.9%
Assets to equity	1.55×	1.60×	1.58×	1.53×	1.60×	—	—	2.09×	4.33×	7.63×	10.66×	—	—	—	—	—	—	26.53×	3.34×	2.43×
Dividends
Dividend payout ratio	0.0%	—	—	—	0.0%	0.0%	—	0.0%	—	34.0%	0.0%	0.0%	0.0%	—	0.0%	—	—	—	0.0%	227.6%
Earnings retention rate	1.00×	—	—	—	1.00×	1.00×	—	1.00×	—	0.66×	1.00×	1.00×	1.00×	—	1.00×	—	—	—	1.00×	(1.28×)

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.

FNEL: frequently asked questions

What is FNEL's EPS?

First National Equities Limited reported basic earnings per share of Rs 0.09 for FY2026 (Jul 2025 – Jun 2026).

What is FNEL's P/E ratio?

At the closing price of Rs 1.12 on 16 Oct 2026, FNEL trades at a P/E of 12.0× based on EPS of Rs 0.09 (FY2026).

Does FNEL pay dividends?

First National Equities Limited did not declare a cash dividend for FY2026.

What was FNEL's revenue and profit in FY2026?

First National Equities Limited reported revenue of Rs 396.7 mn and profit attributable to shareholders of Rs 250.1 mn for FY2026 (Jul 2025 – Jun 2026).

What is FNEL's book value per share?

First National Equities Limited's book value per share was Rs 0.50 at the end of FY2026. The shares trade at 2.24× book value.

Information only, not investment advice.