Hoechst Pakistan Limited (HPL) financial ratios

Hoechst Pakistan Limited earned a net margin of 9.4% in FY2025 against a five-year average of 4.9% (Pharmaceuticals median 9.4%). Return on equity was 38.6%, compared with a sector median of 21.7%. The current ratio stood at 1.71× and debt was 3.2% of equity. Cash took about 57 days to cycle through receivables, inventory and payables.

FY2025 vs the Pharmaceuticals median

Gross margin: 36.5%; Sector median 37.0%
Operating margin: 15.6%; Sector median 17.3%
Net margin: 9.4%; Sector median 9.4%
Return on equity (ROE): 38.6%; Sector median 21.7%
Return on assets (ROA): 20.7%; Sector median 11.7%
Current ratio: 1.71×; Sector median 1.79×
Debt to equity: 3.2%; Sector median 5.8%
Asset turnover: 2.21×; Sector median 1.26×
Dividend payout ratio: 53.2%; Sector median 32.8%

Median of the 14 companies in the sector with the figure for their latest fiscal year.

HPL financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 * Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Profitability
Gross margin	36.5%	31.5%	25.9%	26.2%	26.0%	27.0%	25.7%	30.1%	35.6%	33.8%	26.0%	25.6%	30.3%	30.4%	26.7%	28.5%	24.2%	24.3%	27.8%	32.6%
EBITDA margin	16.8%	14.1%	5.5%	5.1%	10.6%	9.1%	6.4%	12.8%	17.1%	15.7%	6.5%	6.9%	13.5%	12.1%	10.2%	11.4%	8.3%	6.4%	8.2%	12.9%
Operating margin	15.6%	12.9%	4.0%	3.6%	8.4%	6.5%	4.0%	10.1%	14.4%	13.0%	3.6%	4.3%	10.8%	9.2%	7.2%	8.6%	6.4%	3.9%	5.7%	11.1%
Pre-tax margin	16.0%	13.0%	4.3%	3.9%	9.0%	6.2%	3.8%	7.1%	12.4%	11.8%	1.6%	3.4%	6.1%	8.2%	5.6%	6.5%	3.8%	1.9%	3.0%	9.3%
Net margin	9.4%	6.9%	1.7%	0.9%	5.7%	3.5%	1.1%	4.7%	8.1%	8.6%	0.6%	2.4%	3.5%	5.6%	3.0%	0.8%	1.2%	0.9%	2.4%	5.9%
Effective tax rate	41.5%	46.6%	60.6%	77.0%	36.9%	44.0%	71.7%	33.8%	34.9%	27.6%	62.3%	29.0%	42.6%	31.4%	45.8%	88.4%	67.7%	56.2%	17.8%	36.2%
Returns
Return on equity (ROE)	38.6%	30.2%	6.9%	3.3%	18.5%	11.4%	3.7%	14.5%	26.6%	35.0%	2.8%	10.3%	14.6%	26.9%	15.0%	3.4%	6.8%	3.3%	8.5%	22.1%
Return on assets (ROA)	20.7%	15.9%	3.3%	1.5%	10.1%	6.0%	2.0%	8.5%	15.0%	14.3%	0.9%	3.3%	5.2%	9.9%	5.9%	1.4%	2.5%	1.4%	4.3%	10.9%
Return on invested capital (ROIC)	35.2%	27.6%	6.4%	2.8%	17.3%	10.6%	3.9%	14.1%	22.7%	22.9%	3.2%	8.5%	10.6%	18.5%	13.8%	2.5%	5.3%	2.0%	9.4%	18.4%
Liquidity
Current ratio	1.71×	1.68×	1.78×	1.41×	1.83×	1.74×	1.64×	1.73×	1.98×	1.73×	1.22×	1.21×	1.27×	1.16×	1.12×	1.41×	0.98×	0.98×	1.31×	1.48×
Quick ratio	0.61×	0.47×	0.83×	0.77×	0.84×	0.90×	0.92×	0.90×	0.99×	0.79×	0.56×	0.41×	0.59×	0.55×	0.45×	0.54×	0.42×	0.35×	0.41×	0.51×
Leverage
Debt to equity	3.2%	20.7%	0.0%	33.1%	3.8%	12.4%	11.0%	0.0%	6.5%	34.4%	118.4%	135.8%	111.4%	76.7%	76.3%	51.1%	106.4%	78.1%	48.7%	28.8%
Debt to capital	3.1%	17.2%	0.0%	24.9%	3.7%	11.0%	9.9%	0.0%	6.1%	25.6%	54.2%	57.6%	52.7%	43.4%	43.3%	33.8%	51.5%	43.9%	32.7%	22.4%
Debt to assets	1.8%	10.4%	0.0%	13.5%	2.2%	6.5%	5.9%	0.0%	4.1%	17.2%	38.5%	41.5%	38.0%	28.3%	27.7%	22.3%	40.0%	29.2%	22.3%	16.2%
Assets to equity	1.87×	1.91×	2.11×	2.11×	1.83×	1.89×	1.85×	1.71×	1.78×	2.44×	3.17×	3.11×	2.83×	2.73×	2.53×	2.46×	2.67×	2.43×	1.98×	2.02×
Efficiency
Asset turnover	2.21×	2.28×	1.92×	1.72×	1.77×	1.73×	1.87×	1.80×	1.85×	1.67×	1.42×	1.39×	1.47×	1.75×	1.97×	1.81×	2.09×	1.61×	1.76×	1.84×
Receivable days days	24	29	43	49	59	77	69	67	62	65	68	70	78	59	42	45	39	46	42	32
Inventory days days	136	120	102	115	113	104	94	109	118	130	154	156	135	113	94	98	83	126	127	138
Payable days days	103	94	112	123	111	114	83	51	66	97	91	72	56	51	39	31	32	56	44	38
Cash conversion cycle days	57	54	33	41	60	67	80	124	114	99	130	153	158	121	97	112	90	116	125	133
Dividends
Dividend payout ratio	53.2%	28.6%	0.0%	173.5%	21.3%	15.6%	186.9%	70.8%	43.1%	2.8%	101.6%	28.3%	31.1%	24.7%	42.0%	207.8%	82.7%	36.5%	44.5%	30.2%
Earnings retention rate	0.47×	0.71×	1.00×	(0.73×)	0.79×	0.84×	(0.87×)	0.29×	0.57×	0.97×	(0.02×)	0.72×	0.69×	0.75×	0.58×	(1.08×)	0.17×	0.63×	0.55×	0.70×

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.

HPL: frequently asked questions

What is HPL's EPS?

Hoechst Pakistan Limited reported basic earnings per share of Rs 300.69 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 388.64.

What is HPL's P/E ratio?

At the closing price of Rs 4,035.00 on 16 Oct 2026, HPL trades at a P/E of 10.4× based on EPS of Rs 388.64 (TTM to Jun 2026).

Does HPL pay dividends?

Yes. Hoechst Pakistan Limited declared a dividend of Rs 240.00 per share for FY2025. It has paid a dividend in each of the last 3 years. At Rs 4,035.00 that is a dividend yield of 5.9%.

What was HPL's revenue and profit in FY2025?

Hoechst Pakistan Limited reported revenue of Rs 31.0 bn and profit attributable to shareholders of Rs 2.9 bn for FY2025 (Jan – Dec 2025).

What is HPL's book value per share?

Hoechst Pakistan Limited's book value per share was Rs 849.55 at the end of FY2025. The shares trade at 4.55× book value.

Information only, not investment advice.