JDW Sugar Mills Limited (JDWS) financial ratios

JDW Sugar Mills Limited earned a net margin of 5.8% in FY2025 against a five-year average of 6.5% (Sugar & Allied Industries median 0.6%). Return on equity was 23.6%, compared with a sector median of 2.0%. The current ratio stood at 1.20× and debt was 100.6% of equity. Cash took about 117 days to cycle through receivables, inventory and payables.

FY2025 vs the Sugar & Allied Industries median

Gross margin: 14.5%; Sector median 9.9%
Operating margin: 10.9%; Sector median 6.4%
Net margin: 5.8%; Sector median 0.6%
Return on equity (ROE): 23.6%; Sector median 2.0%
Return on assets (ROA): 9.3%; Sector median 0.6%
Current ratio: 1.20×; Sector median 0.93×
Debt to equity: 100.6%; Sector median 60.7%
Asset turnover: 1.60×; Sector median 1.01×
Dividend payout ratio: 18.5%; Sector median 0.0%

Median of the 28 companies in the sector with the figure for their latest fiscal year.

JDWS financial ratios (annual) (Rs mn)
Rs mn	FY2025 Oct 2024 – Sep 2025	FY2024 Oct 2023 – Sep 2024	FY2023 Oct 2022 – Sep 2023	FY2022 Oct 2021 – Sep 2022	FY2021 Oct 2020 – Sep 2021	FY2020 Oct 2019 – Sep 2020	FY2019 Oct 2018 – Sep 2019	FY2018 * Oct 2017 – Sep 2018	FY2017 Oct 2016 – Sep 2017	FY2016 Oct 2015 – Sep 2016	FY2015 Oct 2014 – Sep 2015	FY2014 Oct 2013 – Sep 2014	FY2013 Oct 2012 – Sep 2013	FY2012 Oct 2011 – Sep 2012	FY2011 * Oct 2010 – Sep 2011	FY2010 * Oct 2009 – Sep 2010	FY2009 * Oct 2008 – Sep 2009	FY2008 * Oct 2007 – Sep 2008	FY2007 * Oct 2006 – Sep 2007	FY2006 * Oct 2005 – Sep 2006
Profitability
Gross margin	14.5%	21.8%	15.1%	15.8%	17.8%	14.3%	11.6%	7.4%	10.4%	18.0%	14.5%	11.2%	11.1%	9.7%	16.7%	17.7%	24.1%	18.4%	15.3%	20.5%
EBITDA margin	13.4%	20.9%	14.6%	15.0%	12.4%	13.9%	12.2%	8.1%	10.8%	15.5%	14.7%	11.6%	10.3%	10.0%	16.3%	17.4%	25.1%	19.8%	20.1%	25.0%
Operating margin	10.9%	18.7%	11.8%	11.6%	9.2%	11.1%	9.3%	4.2%	7.9%	11.9%	11.5%	9.2%	8.3%	7.6%	14.4%	15.2%	20.8%	16.3%	14.3%	19.8%
Pre-tax margin	5.2%	13.1%	4.0%	7.7%	7.3%	4.8%	2.0%	(1.2%)	4.5%	7.9%	5.0%	2.8%	2.8%	1.3%	8.8%	9.6%	9.4%	7.4%	1.1%	5.1%
Net margin	5.8%	10.3%	3.1%	6.3%	7.1%	2.6%	2.4%	(1.7%)	3.6%	6.5%	5.2%	2.6%	1.1%	3.0%	5.3%	2.3%	2.4%	2.4%	(0.9%)	4.3%
Effective tax rate	(11.6%)	21.6%	22.8%	18.2%	3.0%	45.4%	(22.4%)	—	19.7%	17.5%	(3.2%)	6.5%	61.5%	(132.2%)	39.2%	75.6%	73.9%	67.6%	178.8%	15.7%
Returns
Return on equity (ROE)	23.6%	54.0%	13.6%	24.9%	33.8%	14.3%	16.4%	(8.2%)	19.7%	36.4%	33.9%	18.5%	7.5%	15.7%	32.6%	17.6%	13.8%	20.2%	(4.5%)	25.1%
Return on assets (ROA)	9.3%	18.9%	4.9%	8.9%	10.5%	3.1%	2.4%	(1.3%)	4.3%	7.8%	5.8%	3.2%	1.5%	3.5%	8.4%	3.9%	2.1%	2.7%	(0.7%)	5.4%
Return on invested capital (ROIC)	19.0%	37.7%	18.3%	18.2%	18.8%	9.5%	14.2%	—	10.3%	15.8%	16.7%	13.3%	5.1%	26.9%	16.6%	7.4%	5.8%	6.6%	(10.2%)	17.5%
Liquidity
Current ratio	1.20×	1.24×	0.87×	1.14×	1.22×	1.04×	0.74×	0.86×	0.80×	0.79×	0.59×	0.67×	0.73×	0.73×	0.84×	0.76×	0.74×	0.79×	0.59×	0.52×
Quick ratio	0.49×	0.40×	0.20×	0.29×	0.61×	0.60×	0.30×	0.24×	0.23×	0.22×	0.17×	0.18×	0.38×	0.32×	0.55×	0.62×	0.40×	0.48×	0.27×	0.36×
Leverage
Debt to equity	100.6%	133.5%	79.9%	149.9%	124.7%	220.4%	266.0%	470.0%	275.2%	186.1%	319.0%	420.0%	299.6%	277.4%	239.8%	187.7%	423.2%	419.6%	620.0%	309.2%
Debt to capital	50.2%	57.2%	44.4%	60.0%	55.5%	68.8%	72.7%	82.5%	73.3%	65.1%	76.1%	80.8%	75.0%	73.5%	70.6%	65.2%	80.9%	80.8%	86.1%	75.6%
Debt to assets	42.1%	50.0%	26.5%	51.2%	49.6%	55.5%	52.7%	65.1%	56.2%	47.8%	60.1%	64.7%	60.4%	58.6%	58.1%	52.6%	68.3%	61.4%	74.4%	60.3%
Assets to equity	2.52×	2.80×	2.97×	2.74×	3.12×	4.49×	6.05×	6.01×	4.40×	4.49×	5.82×	5.76×	4.85×	4.44×	3.89×	4.54×	6.47×	7.44×	6.72×	4.68×
Efficiency
Asset turnover	1.60×	1.84×	1.58×	1.42×	1.49×	1.18×	1.00×	0.76×	1.19×	1.20×	1.12×	1.24×	1.44×	1.20×	1.57×	1.66×	0.87×	1.14×	0.77×	1.26×
Receivable days days	33	22	15	23	37	53	44	44	21	13	14	12	8	12	9	3	9	10	10	5
Inventory days days	89	106	113	96	54	87	148	191	95	85	91	76	60	63	27	27	76	50	55	17
Payable days days	4	4	7	9	11	18	19	18	11	12	13	10	6	8	7	5	11	12	30	26
Cash conversion cycle days	117	124	122	109	80	122	174	217	105	86	92	77	62	67	30	24	73	48	35	(4)
Dividends
Dividend payout ratio	18.5%	13.0%	33.9%	16.7%	12.9%	38.5%	0.0%	—	80.5%	44.4%	28.3%	31.1%	97.5%	47.4%	40.7%	72.0%	54.7%	0.0%	—	32.2%
Earnings retention rate	0.81×	0.87×	0.66×	0.83×	0.87×	0.62×	1.00×	—	0.19×	0.56×	0.72×	0.69×	0.03×	0.53×	0.59×	0.28×	0.45×	1.00×	—	0.68×

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.

JDWS: frequently asked questions

What is JDWS's EPS?

JDW Sugar Mills Limited reported basic earnings per share of Rs 135.31 for FY2025 (Oct 2024 – Sep 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 162.27.

What is JDWS's P/E ratio?

At the closing price of Rs 871.09 on 16 Oct 2026, JDWS trades at a P/E of 5.4× based on EPS of Rs 162.27 (TTM to Jun 2026).

Does JDWS pay dividends?

Yes. JDW Sugar Mills Limited declared a dividend of Rs 45.00 per share for FY2025. It has paid a dividend in each of the last 5 years. At Rs 871.09 that is a dividend yield of 5.2%.

What was JDWS's revenue and profit in FY2025?

JDW Sugar Mills Limited reported revenue of Rs 135.1 bn and profit attributable to shareholders of Rs 7.8 bn for FY2025 (Oct 2024 – Sep 2025).

What is JDWS's book value per share?

JDW Sugar Mills Limited's book value per share was Rs 615.64 at the end of FY2025. The shares trade at 1.34× book value.

Information only, not investment advice.