GGL Ghani Global Holdings Limited

Ghani Global Holdings Limited (GGL) financial ratios

Ghani Global Holdings Limited earned a net margin of 24.0% in FY2026 against a five-year average of 20.8% (Chemical median 4.7%). Return on equity was 16.6%, compared with a sector median of 12.2%. The current ratio stood at 3.29× and debt was 49.1% of equity. Cash took about 252 days to cycle through receivables, inventory and payables.

FY2026 vs the Chemical median

Gross margin: 44.8%; Sector median 18.7%
Operating margin: 34.2%; Sector median 11.8%
Net margin: 24.0%; Sector median 4.7%
Return on equity (ROE): 16.6%; Sector median 12.2%
Return on assets (ROA): 9.6%; Sector median 7.1%
Current ratio: 3.29×; Sector median 1.46×
Debt to equity: 49.1%; Sector median 45.9%
Asset turnover: 0.40×; Sector median 1.05×

Median of the 25 companies in the sector with the figure for their latest fiscal year.

GGL 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
Profitability
Gross margin	44.8%	40.3%	27.5%	32.0%	38.9%	40.1%	23.6%	20.8%	31.2%	31.5%	32.6%	33.1%	24.3%	32.1%	37.2%	32.5%	9.1%	7.4%	—
EBITDA margin	39.9%	75.6%	29.8%	30.7%	31.9%	30.9%	14.1%	10.9%	18.2%	19.4%	27.1%	25.8%	15.2%	21.3%	24.1%	39.1%	10.9%	(80.0%)	—
Operating margin	34.2%	71.7%	24.9%	25.1%	27.7%	26.6%	8.0%	4.5%	13.1%	14.6%	22.9%	21.5%	11.7%	17.3%	17.6%	31.9%	(9.9%)	(140.6%)	—
Pre-tax margin	26.8%	47.1%	15.5%	17.2%	24.9%	21.1%	(5.5%)	(5.6%)	6.2%	9.3%	15.6%	14.5%	7.7%	13.0%	12.8%	19.1%	(23.1%)	(149.6%)	—
Net margin	24.0%	40.7%	11.8%	9.9%	17.8%	15.3%	(3.6%)	(6.9%)	6.1%	6.8%	9.2%	9.2%	5.4%	12.5%	11.7%	17.9%	(23.7%)	(149.6%)	—
Effective tax rate	10.4%	13.6%	23.6%	42.4%	28.2%	27.8%	—	—	0.9%	26.3%	41.5%	36.4%	29.4%	3.9%	8.4%	6.6%	—	—	—
Returns
Return on equity (ROE)	16.6%	41.4%	6.8%	5.6%	13.5%	14.3%	(3.9%)	(4.4%)	4.4%	4.3%	8.5%	15.0%	7.6%	17.5%	11.3%	11.6%	(9.5%)	(6.9%)	—
Return on assets (ROA)	9.6%	18.2%	4.8%	4.0%	8.5%	8.9%	(1.5%)	(3.2%)	2.4%	2.5%	3.8%	4.7%	2.6%	6.8%	5.1%	5.6%	(5.3%)	(4.5%)	—
Return on invested capital (ROIC)	—	18.1%	5.5%	4.7%	8.3%	9.6%	—	—	5.3%	4.4%	6.1%	7.6%	4.3%	10.5%	10.3%	10.6%	—	—	—
Liquidity
Current ratio	3.29×	1.41×	1.55×	2.10×	1.21×	1.48×	0.86×	1.00×	1.14×	2.15×	1.35×	1.17×	1.00×	1.94×	1.14×	1.01×	1.03×	0.89×	1.27×
Quick ratio	2.45×	1.06×	1.14×	1.62×	0.90×	1.06×	0.65×	0.81×	0.93×	1.92×	1.27×	1.04×	0.87×	1.80×	1.01×	0.80×	0.91×	0.77×	1.27×
Leverage
Debt to equity	49.1%	45.8%	43.6%	33.0%	45.7%	49.1%	90.6%	84.2%	75.0%	51.8%	57.7%	192.9%	175.3%	144.9%	99.1%	85.7%	78.7%	39.5%	0.0%
Debt to capital	32.9%	31.4%	30.4%	24.8%	31.4%	32.9%	47.5%	45.7%	42.9%	34.1%	36.6%	65.9%	63.7%	59.2%	49.8%	46.1%	44.0%	28.3%	0.0%
Debt to assets	29.4%	27.9%	26.4%	22.3%	27.5%	29.1%	42.4%	41.3%	38.5%	31.1%	31.9%	59.0%	55.9%	52.7%	42.6%	40.5%	39.6%	24.8%	0.0%
Assets to equity	1.66×	1.65×	1.57×	1.55×	1.67×	1.86×	2.09×	2.00×	1.80×	1.73×	2.23×	3.21×	2.95×	2.55×	2.23×	2.06×	1.78×	1.53×	—
Efficiency
Asset turnover	0.40×	0.45×	0.41×	0.40×	0.48×	0.58×	0.41×	0.46×	0.40×	0.37×	0.41×	0.51×	0.47×	0.55×	0.43×	0.32×	0.22×	0.03×	—
Receivable days days	158	124	134	122	98	82	129	122	126	129	106	74	106	89	36	52	53	336	—
Inventory days days	155	122	111	113	112	89	76	61	57	41	36	32	28	24	39	45	22	60	—
Payable days days	61	40	31	58	73	59	53	34	40	59	67	54	49	24	34	62	46	1,443	—
Cash conversion cycle days	252	206	214	178	137	111	151	149	143	110	75	52	85	89	40	34	29	(1,051)	—
Dividends
Dividend payout ratio	—	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	0.0%	0.0%	71.7%	28.1%	0.0%	23.3%	0.0%	0.0%	—	—	—
Earnings retention rate	—	1.00×	1.00×	1.00×	1.00×	1.00×	—	—	1.00×	1.00×	0.28×	0.72×	1.00×	0.77×	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.