Faran Sugar Mills Limited (FRSM) financial ratios

Faran Sugar Mills Limited earned a net margin of 2.1% in FY2025 against a five-year average of -1.2% (Sugar & Allied Industries median 0.6%). Return on equity was 14.2%, compared with a sector median of 2.0%. The current ratio stood at 0.40× and debt was 124.4% of equity. Cash took about 58 days to cycle through receivables, inventory and payables.

FY2025 vs the Sugar & Allied Industries median

Gross margin: 8.8%; Sector median 9.9%
Operating margin: 6.4%; Sector median 6.4%
Net margin: 2.1%; Sector median 0.6%
Return on equity (ROE): 14.2%; Sector median 2.0%
Return on assets (ROA): 3.4%; Sector median 0.6%
Current ratio: 0.40×; Sector median 0.93×
Debt to equity: 124.4%; Sector median 60.7%
Asset turnover: 1.61×; Sector median 1.01×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 28 companies in the sector with the figure for their latest fiscal year.

FRSM financial ratios (annual) (Rs mn)
Rs mn	FY2025 Oct 2024 – Sep 2025	FY2024 Oct 2023 – Sep 2024	FY2023 Oct 2022 – Sep 2023	FY2022 Oct 2021 – Sep 2022	FY2021 Oct 2020 – Sep 2021	FY2020 Oct 2019 – Sep 2020	FY2019 Oct 2018 – Sep 2019	FY2018 Oct 2017 – Sep 2018	FY2017 Oct 2016 – Sep 2017	FY2016 Oct 2015 – Sep 2016	FY2015 Oct 2014 – Sep 2015	FY2014 Oct 2013 – Sep 2014	FY2013 Oct 2012 – Sep 2013	FY2012 * Oct 2011 – Sep 2012	FY2011 Oct 2010 – Sep 2011	FY2010 * Oct 2009 – Sep 2010	FY2009 * Oct 2008 – Sep 2009	FY2008 * Oct 2007 – Sep 2008
Profitability
Gross margin	8.8%	4.9%	16.6%	7.1%	0.8%	4.7%	6.1%	8.7%	(2.2%)	10.5%	11.0%	6.7%	8.7%	7.4%	10.5%	5.9%	7.6%	9.2%
EBITDA margin	7.9%	3.2%	14.3%	5.6%	(1.4%)	3.4%	3.5%	4.2%	(3.8%)	9.2%	8.9%	4.2%	6.5%	6.3%	9.5%	5.8%	7.1%	7.9%
Operating margin	6.4%	1.7%	12.6%	3.5%	(3.6%)	1.6%	1.4%	2.8%	(5.7%)	8.1%	6.6%	2.9%	5.1%	5.1%	8.4%	5.0%	5.6%	5.8%
Pre-tax margin	(0.8%)	(11.6%)	6.2%	(2.7%)	(8.4%)	(3.4%)	6.4%	5.2%	(6.1%)	7.5%	6.8%	3.6%	3.7%	9.0%	8.0%	3.9%	4.8%	7.2%
Net margin	2.1%	(13.8%)	13.1%	0.4%	(7.6%)	(3.0%)	8.2%	7.0%	(4.1%)	7.4%	10.5%	3.5%	5.6%	7.4%	6.1%	2.7%	3.6%	5.2%
Effective tax rate	—	—	47.1%	—	—	—	47.9%	55.3%	—	25.6%	(6.6%)	35.5%	33.0%	17.4%	24.5%	31.4%	26.2%	27.8%
Returns
Return on equity (ROE)	14.2%	(69.5%)	51.0%	1.5%	(19.1%)	(7.7%)	17.5%	24.4%	(10.5%)	28.0%	21.7%	12.8%	22.1%	36.9%	31.0%	14.6%	14.6%	—
Return on assets (ROA)	3.4%	(18.3%)	16.2%	0.4%	(7.2%)	(3.4%)	6.7%	8.1%	(4.1%)	11.4%	8.3%	5.9%	9.4%	10.9%	9.5%	6.6%	5.7%	—
Return on invested capital (ROIC)	—	—	29.6%	—	—	—	12.9%	12.5%	—	23.3%	22.8%	14.4%	21.5%	32.3%	36.2%	12.7%	11.5%	—
Liquidity
Current ratio	0.40×	0.68×	0.78×	0.78×	0.87×	0.80×	0.93×	0.94×	0.86×	1.19×	1.06×	1.13×	0.99×	1.00×	1.04×	1.16×	1.17×	1.14×
Quick ratio	0.24×	0.21×	0.29×	0.27×	0.46×	0.55×	0.49×	0.49×	0.18×	0.63×	0.22×	0.35×	0.31×	0.39×	0.26×	0.65×	0.41×	0.39×
Leverage
Debt to equity	124.4%	388.1%	69.3%	232.1%	186.5%	77.3%	76.1%	110.1%	143.7%	13.2%	43.1%	13.0%	25.8%	32.3%	27.4%	0.0%	32.8%	20.5%
Debt to capital	55.4%	79.5%	40.9%	69.9%	65.1%	43.6%	43.2%	52.4%	59.0%	11.7%	30.1%	11.5%	20.5%	24.4%	21.5%	0.0%	24.7%	17.0%
Debt to assets	45.3%	61.2%	26.6%	56.8%	57.4%	36.0%	31.3%	38.8%	44.5%	6.5%	14.5%	5.9%	11.9%	12.7%	6.1%	0.0%	14.4%	7.0%
Assets to equity	4.16×	3.80×	3.16×	3.67×	2.65×	2.29×	2.62×	3.01×	2.59×	2.46×	2.62×	2.19×	2.35×	3.38×	3.25×	2.22×	2.56×	—
Efficiency
Asset turnover	1.61×	1.33×	1.24×	1.03×	0.95×	1.13×	0.81×	1.15×	0.98×	1.54×	0.79×	1.69×	1.68×	1.47×	1.57×	2.43×	1.61×	—
Receivable days days	29	37	39	59	77	58	89	52	36	25	55	25	26	27	26	23	29	—
Inventory days days	63	87	94	96	61	54	107	110	114	90	209	66	61	106	108	47	88	—
Payable days days	34	56	65	28	23	44	80	57	85	101	208	48	38	38	21	22	23	—
Cash conversion cycle days	58	68	67	127	114	68	115	106	65	14	56	43	49	95	112	48	94	—
Dividends
Dividend payout ratio	0.0%	—	0.0%	0.0%	—	—	24.6%	0.0%	—	25.9%	22.2%	11.3%	9.3%	17.8%	23.1%	50.2%	44.2%	0.0%
Earnings retention rate	1.00×	—	1.00×	1.00×	—	—	0.75×	1.00×	—	0.74×	0.78×	0.89×	0.91×	0.82×	0.77×	0.50×	0.56×	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.

FRSM: frequently asked questions

What is FRSM's EPS?

Faran Sugar Mills Limited reported basic earnings per share of Rs 6.99 for FY2025 (Oct 2024 – Sep 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 10.08.

What is FRSM's P/E ratio?

At the closing price of Rs 40.57 on 15 Oct 2026, FRSM trades at a P/E of 4.0× based on EPS of Rs 10.08 (TTM to Jun 2026).

Does FRSM pay dividends?

Faran Sugar Mills Limited did not declare a cash dividend for FY2025.

What was FRSM's revenue and profit in FY2025?

Faran Sugar Mills Limited reported revenue of Rs 12.0 bn and profit attributable to shareholders of Rs 254.7 mn for FY2025 (Oct 2024 – Sep 2025).

What is FRSM's book value per share?

Faran Sugar Mills Limited's book value per share was Rs 55.12 at the end of FY2025. The shares trade at 0.74× book value.

Information only, not investment advice.