FRCL Frontier Ceramics Limited

Frontier Ceramics Limited (FRCL) financial ratios

The current ratio stood at 0.84× and debt was — of equity. Cash took about 24 days to cycle through receivables, inventory and payables.

FY2026 vs the Glass & Ceramics median

Gross margin: 6.7%; Sector median 20.5%
Operating margin: 4.5%; Sector median 11.3%
Current ratio: 0.84×; Sector median 0.99×
Asset turnover: 1.05×; Sector median 0.95×

Median of the 8 companies in the sector with the figure for their latest fiscal year.

FRCL 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
Gross margin	6.7%	9.1%	2.1%	2.5%	6.4%	9.6%	10.1%	2.2%	15.9%	7.2%	7.6%	8.1%	(11.2%)	6.9%	14.1%	30.9%	31.6%	2.0%	(121.3%)	(13.7%)
EBITDA margin	—	11.9%	6.8%	4.9%	10.1%	11.5%	16.5%	4.2%	16.2%	13.9%	16.0%	15.4%	(9.6%)	13.3%	24.6%	16.6%	13.4%	(4.1%)	(138.0%)	(9.7%)
Operating margin	4.5%	7.1%	0.2%	(1.0%)	4.6%	6.3%	6.1%	(2.8%)	8.2%	1.3%	2.4%	2.1%	(25.4%)	(2.9%)	8.5%	6.3%	5.1%	(15.6%)	(159.2%)	(41.6%)
Pre-tax margin	5.7%	6.5%	(2.9%)	(3.2%)	3.6%	5.3%	3.0%	(8.0%)	9.5%	1.3%	0.4%	1.0%	25.6%	(3.4%)	7.9%	5.9%	10.5%	75.4%	(149.7%)	(40.6%)
Net margin	—	3.4%	(3.2%)	(3.7%)	1.0%	3.6%	3.9%	(11.3%)	5.9%	1.1%	0.6%	4.9%	19.8%	(0.7%)	9.9%	4.9%	4.9%	75.2%	(150.8%)	(41.7%)
Effective tax rate	40.0%	48.5%	—	—	71.9%	32.6%	(29.1%)	—	37.8%	12.9%	(51.3%)	(373.1%)	22.7%	—	(25.3%)	17.1%	53.2%	0.2%	—	—
Returns
Return on equity (ROE)	—	8.0%	(6.5%)	(9.1%)	2.2%	7.1%	3.8%	(9.7%)	5.8%	0.7%	0.4%	3.3%	13.9%	(0.7%)	11.2%	6.1%	7.8%	—	(165.8%)	(14.3%)
Return on assets (ROA)	—	3.4%	(2.5%)	(3.7%)	1.1%	3.9%	2.2%	(5.6%)	3.4%	0.4%	0.2%	2.0%	6.8%	(0.3%)	3.9%	1.8%	1.3%	21.1%	(21.4%)	(3.5%)
Return on invested capital (ROIC)	—	7.0%	—	—	2.2%	6.9%	5.8%	—	5.4%	1.5%	1.6%	7.0%	11.3%	—	6.3%	2.9%	2.0%	25.6%	—	—
Liquidity
Current ratio	0.84×	0.70×	0.68×	0.76×	0.48×	0.79×	1.01×	0.93×	0.96×	0.77×	0.73×	0.82×	0.47×	0.28×	0.26×	0.20×	0.48×	0.74×	0.65×	1.32×
Quick ratio	0.56×	0.27×	0.22×	0.31×	0.20×	0.38×	0.51×	0.32×	0.41×	0.34×	0.24×	0.27×	0.19×	0.09×	0.06×	0.04×	0.10×	0.23×	0.24×	0.59×
Leverage
Debt to equity	—	6.3%	31.3%	47.8%	24.0%	17.8%	21.3%	24.9%	36.0%	10.9%	9.8%	8.8%	0.9%	64.2%	64.4%	105.7%	134.3%	—	3,578.6%	338.4%
Debt to capital	—	5.9%	23.8%	32.4%	19.4%	15.1%	17.5%	19.9%	26.5%	9.8%	8.9%	8.1%	0.9%	39.1%	39.2%	51.4%	57.3%	108.6%	97.3%	77.2%
Debt to assets	0.5%	2.8%	12.7%	17.6%	10.4%	9.7%	12.3%	14.5%	20.7%	6.6%	5.8%	5.6%	0.5%	25.4%	24.3%	33.3%	38.8%	81.4%	89.1%	72.8%
Assets to equity	—	2.34×	2.58×	2.50×	2.08×	1.79×	1.72×	1.72×	1.70×	1.68×	1.64×	1.64×	2.05×	2.59×	2.88×	3.31×	5.98×	—	7.74×	4.09×
Efficiency
Asset turnover	1.05×	1.01×	0.78×	0.98×	1.05×	1.11×	0.56×	0.50×	0.58×	0.39×	0.39×	0.41×	0.34×	0.36×	0.39×	0.38×	0.26×	0.28×	0.14×	0.08×
Receivable days days	60	24	30	23	12	11	25	29	29	35	24	14	13	14	9	11	47	91	300	646
Inventory days days	60	72	83	53	37	38	85	87	88	137	139	101	71	78	76	115	245	201	195	663
Payable days days	96	76	117	128	103	69	104	97	140	258	246	134	53	170	160	66	189	146	27	48
Cash conversion cycle days	24	20	(5)	(53)	(54)	(20)	7	18	(23)	(86)	(83)	(19)	32	(78)	(74)	60	103	145	467	1,261
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%	—	—
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×	—	—

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.

FRCL: frequently asked questions

What is FRCL's EPS?

Frontier Ceramics Limited reported basic earnings per share of Rs 4.36 for FY2026 (Jul 2025 – Jun 2026).

What is FRCL's P/E ratio?

At the closing price of Rs 86.31 on 15 Oct 2026, FRCL trades at a P/E of 19.8× based on EPS of Rs 4.36 (FY2026).

Information only, not investment advice.