HBL Investment Fund (HIFA) financial ratios

HBL Investment Fund earned a net margin of 18.4% in FY2020 against a five-year average of -31.7%. Return on equity was 1.3%.

HIFA financial ratios (annual) (Rs mn)
Rs mn	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	FY2006 * Jul 2005 – Jun 2006	FY2005 Jul 2004 – Jun 2005	FY2004 Jul 2003 – Jun 2004	FY2003 Jul 2002 – Jun 2003
Profitability
Pre-tax margin	18.4%	(390.6%)	—	157.4%	88.0%	(24.2%)	110.1%	109.5%	64.0%	84.5%	43.6%	—	(61.2%)	110.2%	77.8%	75.1%	91.8%	331.5%
Net margin	18.4%	(390.6%)	—	157.4%	88.0%	(24.2%)	110.1%	109.5%	64.0%	84.5%	43.6%	—	(61.2%)	110.2%	77.6%	75.1%	91.8%	331.5%
Effective tax rate	0.0%	—	—	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	0.0%	0.3%	0.0%	0.0%	0.0%
Returns
Return on equity (ROE)	1.3%	(8.9%)	(6.1%)	14.6%	4.8%	(1.5%)	17.8%	21.5%	6.9%	17.4%	9.2%	(31.4%)	(4.4%)	18.5%	30.4%	20.8%	26.6%	—
Return on assets (ROA)	1.3%	(8.5%)	(5.9%)	14.1%	4.6%	(1.4%)	17.0%	20.6%	6.6%	16.7%	8.9%	(30.8%)	(4.3%)	17.1%	28.4%	20.1%	25.2%	—
Leverage
Assets to equity	1.06×	1.05×	1.03×	1.04×	1.04×	1.05×	1.05×	1.04×	1.05×	1.04×	1.04×	1.02×	1.04×	1.08×	1.07×	1.04×	1.06×	—
Dividends
Dividend payout ratio	0.0%	—	—	14.1%	0.0%	—	66.1%	71.0%	94.7%	94.7%	97.0%	—	—	100.0%	82.3%	81.7%	77.8%	24.5%
Earnings retention rate	1.00×	—	—	0.86×	1.00×	—	0.34×	0.29×	0.05×	0.05×	0.03×	—	—	0.00×	0.18×	0.18×	0.22×	0.75×

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.

HIFA: frequently asked questions

What was HIFA's revenue and profit in FY2020?

HBL Investment Fund reported revenue of Rs 257.3 mn and profit attributable to shareholders of Rs 47.3 mn for FY2020 (Jul 2019 – Jun 2020).

Information only, not investment advice.