ICL Ittehad Chemicals Limted

Ittehad Chemicals Limted (ICL) financial ratios

Ittehad Chemicals Limted earned a net margin of 4.5% in FY2026 against a five-year average of 5.0% (Chemical median 4.7%). Return on equity was 14.2%, compared with a sector median of 12.2%. The current ratio stood at 1.33× and debt was 44.7% of equity. Cash took about 55 days to cycle through receivables, inventory and payables.

FY2026 vs the Chemical median

Gross margin: 15.4%; Sector median 18.7%
Operating margin: 8.8%; Sector median 11.8%
Net margin: 4.5%; Sector median 4.7%
Return on equity (ROE): 14.2%; Sector median 12.2%
Return on assets (ROA): 7.2%; Sector median 7.1%
Current ratio: 1.33×; Sector median 1.46×
Debt to equity: 44.7%; Sector median 45.9%
Asset turnover: 1.59×; Sector median 1.05×
Dividend payout ratio: 19.3%; Sector median 19.3%

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

ICL 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	15.4%	17.9%	19.8%	20.6%	13.2%	17.0%	13.3%	20.8%	16.8%	16.4%	17.4%	10.2%	19.5%	20.1%	19.9%	20.7%	21.6%	23.1%	19.8%	24.5%
EBITDA margin	10.9%	12.9%	14.8%	15.3%	9.4%	13.9%	11.1%	18.7%	14.9%	14.4%	15.0%	5.5%	14.5%	14.6%	15.6%	15.9%	17.5%	19.6%	18.7%	25.0%
Operating margin	8.8%	10.1%	12.0%	12.7%	6.1%	9.3%	4.6%	11.3%	8.7%	7.7%	8.2%	0.6%	9.9%	10.3%	10.7%	10.0%	11.2%	13.9%	11.6%	17.3%
Pre-tax margin	7.5%	7.9%	9.7%	11.0%	4.9%	8.8%	0.9%	7.6%	6.3%	4.4%	4.9%	(1.8%)	6.9%	7.8%	5.7%	3.3%	4.6%	7.2%	3.4%	9.3%
Net margin	4.5%	4.6%	5.7%	7.5%	2.6%	5.9%	0.7%	6.1%	7.2%	4.7%	3.7%	2.1%	4.9%	6.9%	4.0%	3.2%	3.9%	1.7%	(1.3%)	4.9%
Effective tax rate	39.4%	41.6%	41.1%	31.9%	45.8%	33.0%	21.8%	19.8%	(15.1%)	(6.0%)	25.3%	—	28.7%	11.6%	29.8%	4.3%	15.8%	77.1%	136.8%	47.1%
Returns
Return on equity (ROE)	14.2%	13.2%	17.3%	30.7%	8.2%	14.7%	1.5%	10.5%	12.0%	7.8%	6.5%	3.6%	9.0%	14.5%	8.7%	5.9%	7.4%	4.0%	(2.3%)	9.3%
Return on assets (ROA)	7.2%	6.9%	8.7%	13.3%	3.5%	6.7%	0.7%	4.7%	5.8%	3.6%	2.9%	1.7%	4.5%	7.1%	4.0%	2.6%	3.3%	1.6%	(0.9%)	3.5%
Return on invested capital (ROIC)	11.5%	11.5%	13.9%	21.6%	6.1%	10.3%	4.0%	8.8%	10.1%	8.0%	6.1%	—	8.1%	12.5%	9.3%	9.7%	15.5%	5.7%	(6.2%)	11.0%
Liquidity
Current ratio	1.33×	1.05×	1.18×	1.10×	0.99×	1.04×	1.18×	0.84×	0.68×	0.85×	0.96×	0.70×	1.14×	0.94×	0.92×	1.01×	1.23×	1.22×	1.37×	0.89×
Quick ratio	0.81×	0.66×	0.74×	0.66×	0.53×	0.64×	0.74×	0.50×	0.45×	0.49×	0.49×	0.39×	0.60×	0.52×	0.54×	0.53×	0.60×	0.74×	0.67×	0.53×
Leverage
Debt to equity	44.7%	53.2%	37.7%	47.8%	71.3%	60.7%	74.2%	84.1%	69.0%	64.6%	84.8%	82.0%	69.3%	48.6%	64.2%	88.9%	87.4%	90.8%	119.1%	116.3%
Debt to capital	30.9%	34.7%	27.4%	32.3%	41.6%	37.8%	42.6%	45.7%	40.8%	39.3%	45.9%	45.1%	40.9%	32.7%	39.1%	47.1%	46.6%	47.6%	54.4%	53.8%
Debt to assets	22.5%	27.1%	20.3%	21.8%	28.7%	28.0%	32.9%	35.5%	33.1%	31.5%	37.7%	36.4%	33.9%	24.3%	30.6%	38.8%	38.2%	36.8%	45.4%	46.4%
Assets to equity	1.98×	1.91×	2.00×	2.32×	2.33×	2.21×	2.31×	2.23×	2.07×	2.14×	2.25×	2.15×	2.02×	2.05×	2.19×	2.29×	2.38×	2.54×	2.57×	2.65×
Efficiency
Asset turnover	1.59×	1.49×	1.52×	1.76×	1.34×	1.13×	0.95×	0.77×	0.80×	0.78×	0.79×	0.80×	0.91×	1.03×	0.99×	0.84×	0.83×	0.96×	0.75×	0.71×
Receivable days days	57	59	54	43	57	63	69	79	75	73	63	64	65	58	56	61	69	51	54	51
Inventory days days	50	51	53	51	57	53	55	65	59	82	79	73	85	69	69	90	80	62	73	76
Payable days days	52	52	65	66	72	66	68	99	84	80	79	62	29	7	22	26	6	7	6	5
Cash conversion cycle days	55	57	42	28	42	50	56	45	49	74	64	75	121	120	103	125	143	107	121	121
Dividends
Dividend payout ratio	19.3%	27.1%	23.5%	16.4%	24.1%	38.7%	0.0%	20.9%	24.1%	46.6%	33.7%	59.2%	18.0%	24.4%	11.3%	35.4%	14.8%	91.7%	—	0.0%
Earnings retention rate	0.81×	0.73×	0.77×	0.84×	0.76×	0.61×	1.00×	0.79×	0.76×	0.53×	0.66×	0.41×	0.82×	0.76×	0.89×	0.65×	0.85×	0.08×	—	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.

ICL: frequently asked questions

What is ICL's EPS?

Ittehad Chemicals Limted reported basic earnings per share of Rs 15.58 for FY2026 (Jul 2025 – Jun 2026).

What is ICL's P/E ratio?

At the closing price of Rs 130.00 on 16 Oct 2026, ICL trades at a P/E of 8.3× based on EPS of Rs 15.58 (FY2026).

Does ICL pay dividends?

Yes. Ittehad Chemicals Limted declared a dividend of Rs 4.00 per share for FY2026. It has paid a dividend in each of the last 7 years. At Rs 130.00 that is a dividend yield of 3.1%.

What was ICL's revenue and profit in FY2026?

Ittehad Chemicals Limted reported revenue of Rs 34.3 bn and profit attributable to shareholders of Rs 1.6 bn for FY2026 (Jul 2025 – Jun 2026).

What is ICL's book value per share?

Ittehad Chemicals Limted's book value per share was Rs 116.49 at the end of FY2026. The shares trade at 1.12× book value.

Information only, not investment advice.