GHNI Ghandhara Industries Limited

Ghandhara Industries Limited (GHNI) financial ratios

Ghandhara Industries Limited earned a net margin of 11.4% in FY2026 against a five-year average of 6.6% (Automobile Assembler median 8.8%). Return on equity was 38.6%, compared with a sector median of 36.2%. The current ratio stood at 1.51× and debt was 0.0% of equity. Cash took about 77 days to cycle through receivables, inventory and payables.

FY2026 vs the Automobile Assembler median

Gross margin: 23.1%; Sector median 19.4%
Operating margin: 18.7%; Sector median 12.7%
Net margin: 11.4%; Sector median 8.8%
Return on equity (ROE): 38.6%; Sector median 36.2%
Return on assets (ROA): 18.3%; Sector median 16.2%
Current ratio: 1.51×; Sector median 1.61×
Debt to equity: 0.0%; Sector median 2.9%
Asset turnover: 1.61×; Sector median 1.51×
Dividend payout ratio: 7.4%; Sector median 17.9%

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

GHNI 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	23.1%	24.3%	19.6%	15.8%	12.2%	13.8%	5.9%	11.6%	18.6%	20.5%	26.6%	20.9%	12.2%	17.2%	12.0%	10.7%	14.2%	9.8%	7.7%	17.9%
EBITDA margin	19.1%	17.4%	11.6%	9.0%	7.1%	9.3%	1.2%	7.3%	13.2%	14.3%	21.2%	15.7%	9.0%	13.7%	7.0%	5.8%	9.2%	(3.2%)	4.1%	13.4%
Operating margin	18.7%	17.0%	10.7%	8.1%	6.5%	7.9%	(0.4%)	6.3%	13.0%	13.9%	20.7%	15.0%	7.8%	12.8%	5.7%	4.1%	8.4%	(4.3%)	3.1%	11.7%
Pre-tax margin	18.8%	17.2%	7.3%	2.9%	4.7%	4.9%	(8.6%)	1.0%	11.7%	11.6%	18.8%	9.9%	0.6%	6.5%	(2.2%)	0.5%	5.7%	(10.7%)	1.6%	10.5%
Net margin	11.4%	12.2%	5.3%	1.2%	3.0%	4.0%	(10.9%)	0.4%	8.1%	7.4%	12.8%	6.8%	1.0%	4.5%	(1.6%)	0.5%	6.5%	(10.5%)	0.4%	6.6%
Effective tax rate	39.3%	29.0%	26.7%	57.7%	36.1%	18.1%	—	56.8%	30.6%	36.1%	32.1%	31.6%	(52.2%)	30.3%	—	1.3%	(15.0%)	—	76.9%	37.1%
Returns
Return on equity (ROE)	38.6%	40.7%	9.1%	2.5%	12.1%	11.2%	(26.4%)	1.3%	32.4%	23.4%	27.8%	10.5%	1.2%	7.0%	(1.9%)	0.5%	9.6%	(11.2%)	0.5%	10.8%
Return on assets (ROA)	18.3%	19.4%	4.5%	1.1%	4.5%	3.6%	(7.4%)	0.4%	13.2%	11.6%	17.5%	6.3%	0.6%	3.3%	(0.9%)	0.3%	5.7%	(6.8%)	0.3%	5.6%
Return on invested capital (ROIC)	38.5%	38.3%	10.3%	4.4%	9.8%	9.3%	—	3.8%	23.0%	22.9%	28.0%	11.8%	8.7%	8.5%	—	3.6%	11.7%	—	0.9%	10.3%
Liquidity
Current ratio	1.51×	1.44×	1.34×	1.29×	1.19×	1.14×	1.04×	1.16×	1.32×	1.33×	1.62×	1.56×	1.16×	1.12×	1.05×	1.08×	1.13×	1.08×	1.24×	1.19×
Quick ratio	0.93×	0.94×	0.69×	0.62×	0.53×	0.43×	0.49×	0.23×	0.36×	0.55×	0.78×	0.95×	0.52×	0.47×	0.54×	0.66×	0.48×	0.58×	0.67×	0.52×
Leverage
Debt to equity	0.0%	0.8%	16.2%	40.8%	71.3%	54.6%	130.3%	136.8%	77.8%	22.5%	7.7%	9.6%	54.2%	61.9%	52.8%	11.4%	11.9%	29.0%	8.2%	8.1%
Debt to capital	0.0%	0.8%	13.9%	29.0%	41.6%	35.3%	56.6%	57.8%	43.7%	18.4%	7.1%	8.7%	35.2%	38.3%	34.5%	10.2%	10.7%	22.5%	7.6%	7.5%
Debt to assets	0.0%	0.4%	8.0%	20.3%	25.8%	20.8%	34.9%	40.0%	30.5%	9.7%	4.6%	6.4%	29.4%	29.9%	24.7%	5.6%	7.0%	17.5%	5.0%	4.5%
Assets to equity	2.10×	2.10×	2.01×	2.34×	2.70×	3.15×	3.58×	2.98×	2.45×	2.02×	1.59×	1.66×	1.96×	2.10×	2.08×	1.86×	1.69×	1.66×	1.72×	1.92×
Efficiency
Asset turnover	1.61×	1.58×	0.85×	0.85×	1.49×	0.89×	0.68×	1.00×	1.63×	1.56×	1.37×	0.93×	0.63×	0.74×	0.57×	0.53×	0.88×	0.65×	0.84×	0.85×
Receivable days days	12	18	62	81	45	55	56	34	25	29	34	65	107	99	107	85	61	101	64	30
Inventory days days	84	88	175	190	118	199	296	256	143	115	95	118	204	180	172	178	112	130	119	157
Payable days days	18	67	184	162	105	180	122	15	11	43	104	94	116	75	32	136	102	74	50	36
Cash conversion cycle days	77	39	53	108	58	74	230	275	157	101	25	89	195	204	247	126	70	157	134	151
Dividends
Dividend payout ratio	7.4%	0.0%	0.0%	0.0%	0.0%	0.0%	—	553.1%	24.4%	40.1%	28.6%	0.0%	0.0%	0.0%	—	0.0%	0.0%	—	0.0%	0.0%
Earnings retention rate	0.93×	1.00×	1.00×	1.00×	1.00×	1.00×	—	(4.53×)	0.76×	0.60×	0.71×	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.

GHNI: frequently asked questions

What is GHNI's EPS?

Ghandhara Industries Limited reported basic earnings per share of Rs 162.57 for FY2026 (Jul 2025 – Jun 2026).

What is GHNI's P/E ratio?

At the closing price of Rs 1,029.07 on 16 Oct 2026, GHNI trades at a P/E of 6.3× based on EPS of Rs 162.57 (FY2026).

Does GHNI pay dividends?

Yes. Ghandhara Industries 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 1,029.07 that is a dividend yield of 1.2%.

What was GHNI's revenue and profit in FY2026?

Ghandhara Industries Limited reported revenue of Rs 60.7 bn and profit attributable to shareholders of Rs 6.9 bn for FY2026 (Jul 2025 – Jun 2026).

What is GHNI's book value per share?

Ghandhara Industries Limited's book value per share was Rs 524.66 at the end of FY2026. The shares trade at 1.96× book value.

Information only, not investment advice.