GAL Ghandhara Automobiles Limited

Ghandhara Automobiles Limited (GAL) financial ratios

Ghandhara Automobiles Limited earned a net margin of 13.6% in FY2026 against a five-year average of 7.0% (Automobile Assembler median 8.8%). Return on equity was 36.2%, compared with a sector median of 36.2%. The current ratio stood at 1.89× and debt was 2.9% of equity. Cash took about 84 days to cycle through receivables, inventory and payables.

FY2026 vs the Automobile Assembler median

Gross margin: 20.3%; Sector median 19.4%
Operating margin: 17.5%; Sector median 12.7%
Net margin: 13.6%; Sector median 8.8%
Return on equity (ROE): 36.2%; Sector median 36.2%
Return on assets (ROA): 19.0%; Sector median 16.2%
Current ratio: 1.89×; Sector median 1.61×
Debt to equity: 2.9%; Sector median 2.9%
Asset turnover: 1.39×; Sector median 1.51×
Dividend payout ratio: 0.0%; Sector median 17.9%

Median of the 10 companies in the sector with the figure for their latest fiscal year.

GAL 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	20.3%	18.3%	11.7%	8.4%	8.4%	12.4%	4.6%	12.7%	15.5%	18.5%	20.5%	20.3%	17.9%	11.9%	9.4%	9.5%	5.0%	0.3%	14.1%	17.2%
EBITDA margin	18.1%	16.1%	10.4%	7.5%	7.3%	8.7%	(1.2%)	10.3%	29.1%	13.9%	17.2%	17.3%	14.3%	8.5%	6.4%	8.3%	2.2%	(2.9%)	13.4%	15.5%
Operating margin	17.5%	15.2%	6.9%	4.8%	4.2%	5.4%	(7.1%)	8.3%	26.9%	13.9%	15.7%	15.9%	12.2%	5.3%	1.9%	5.7%	(0.6%)	(7.3%)	10.8%	12.3%
Pre-tax margin	21.3%	17.3%	4.5%	3.0%	5.1%	3.0%	(18.8%)	3.8%	33.3%	17.0%	18.1%	14.7%	10.7%	2.5%	(7.0%)	(0.6%)	(5.1%)	(23.6%)	7.5%	9.9%
Net margin	13.6%	11.9%	3.9%	1.3%	4.4%	2.9%	(18.9%)	2.4%	27.5%	10.9%	12.8%	9.6%	7.1%	2.1%	(6.2%)	0.3%	(3.7%)	(7.1%)	2.0%	3.0%
Effective tax rate	35.9%	31.3%	13.0%	55.5%	14.5%	3.1%	—	36.6%	17.3%	35.6%	29.7%	34.5%	34.1%	16.4%	—	—	—	—	73.0%	69.3%
Returns
Return on equity (ROE)	36.2%	31.9%	3.9%	2.2%	3.7%	1.7%	(6.5%)	2.1%	—	—	24.6%	21.4%	9.4%	2.3%	(5.1%)	0.4%	(5.4%)	(9.1%)	6.1%	9.5%
Return on assets (ROA)	19.0%	16.2%	2.5%	1.2%	2.3%	1.4%	(5.2%)	1.6%	—	—	15.8%	13.3%	5.8%	1.5%	(2.9%)	0.2%	(2.6%)	(4.5%)	2.7%	3.3%
Return on invested capital (ROIC)	35.0%	29.4%	6.4%	3.3%	5.0%	2.0%	—	2.9%	—	—	23.7%	20.3%	9.1%	5.0%	—	—	—	—	7.1%	7.0%
Liquidity
Current ratio	1.89×	1.35×	1.58×	1.76×	1.35×	3.31×	3.55×	2.84×	2.92×	—	1.68×	1.84×	1.22×	1.03×	0.95×	1.04×	1.09×	1.06×	1.33×	1.36×
Quick ratio	0.87×	0.74×	0.78×	0.99×	0.67×	2.09×	1.75×	1.46×	1.79×	—	0.80×	0.96×	0.62×	0.60×	0.35×	0.56×	0.91×	0.32×	0.73×	0.57×
Leverage
Debt to equity	2.9%	5.2%	20.6%	28.4%	22.6%	6.5%	7.8%	13.4%	4.4%	—	1.7%	7.6%	22.8%	18.8%	39.4%	49.4%	65.6%	60.0%	10.1%	52.6%
Debt to capital	2.8%	4.9%	17.1%	22.1%	18.5%	6.1%	7.3%	11.8%	4.2%	—	1.6%	7.0%	18.6%	15.8%	28.3%	33.1%	39.6%	37.5%	9.2%	34.5%
Debt to assets	1.8%	2.3%	13.4%	17.8%	11.1%	5.4%	6.5%	10.5%	3.3%	—	1.1%	4.9%	13.6%	12.4%	23.4%	27.4%	31.5%	30.1%	4.8%	22.4%
Assets to equity	1.90×	1.97×	1.56×	1.82×	1.64×	1.21×	1.24×	1.30×	—	—	1.56×	1.61×	1.62×	1.60×	1.74×	1.94×	2.04×	2.05×	2.21×	2.84×
Efficiency
Asset turnover	1.39×	1.36×	0.64×	0.92×	0.51×	0.50×	0.28×	0.69×	—	—	1.24×	1.38×	0.82×	0.70×	0.48×	0.82×	0.71×	0.63×	1.35×	1.10×
Receivable days days	23	25	84	50	82	108	228	100	—	—	44	38	67	68	122	61	53	111	66	62
Inventory days days	111	95	138	108	185	151	310	145	—	—	90	69	93	104	170	62	108	173	95	169
Payable days days	50	54	103	115	203	61	91	73	—	—	95	68	103	88	102	65	73	140	95	87
Cash conversion cycle days	84	66	119	43	63	198	446	171	—	—	39	39	56	85	189	57	88	143	66	143
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	16.7%	—	33.7%	16.7%	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×	0.83×	—	0.66×	0.83×	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.

GAL: frequently asked questions

What is GAL's EPS?

Ghandhara Automobiles Limited reported basic earnings per share of Rs 112.59 for FY2026 (Jul 2025 – Jun 2026).

What is GAL's P/E ratio?

At the closing price of Rs 484.93 on 16 Oct 2026, GAL trades at a P/E of 4.3× based on EPS of Rs 112.59 (FY2026).

Does GAL pay dividends?

Yes. Ghandhara Automobiles Limited declared a dividend of Rs 12.00 per share for FY2026. It has paid a dividend in each of the last 2 years. At Rs 484.93 that is a dividend yield of 2.5%.

What was GAL's revenue and profit in FY2026?

Ghandhara Automobiles Limited reported revenue of Rs 47.0 bn and profit attributable to shareholders of Rs 6.4 bn for FY2026 (Jul 2025 – Jun 2026).

What is GAL's book value per share?

Ghandhara Automobiles Limited's book value per share was Rs 361.39 at the end of FY2026. The shares trade at 1.34× book value.

Information only, not investment advice.