Karam Ceramics Limited (KCL) financial ratios

Karam Ceramics Limited earned a net margin of -124.7% in FY2025 against a five-year average of -46.5% (Glass & Ceramics median 4.7%). Return on equity was -66.1%, compared with a sector median of 10.1%. The current ratio stood at 0.41× and debt was 12.9% of equity. Cash took about 57 days to cycle through receivables, inventory and payables.

FY2025 vs the Glass & Ceramics median

Gross margin: -91.0%; Sector median 20.5%
Operating margin: -104.7%; Sector median 11.3%
Net margin: -124.7%; Sector median 4.7%
Return on equity (ROE): -66.1%; Sector median 10.1%
Return on assets (ROA): -40.3%; Sector median 2.0%
Current ratio: 0.41×; Sector median 0.99×
Debt to equity: 12.9%; Sector median 12.9%
Asset turnover: 0.32×; Sector median 0.95×

Median of the 8 companies in the sector with the figure for their latest fiscal year.

KCL financial ratios (annual) (Rs mn)
Rs mn	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
Profitability
Gross margin	(91.0%)	(31.1%)	(37.0%)	(24.2%)	3.2%	(7.2%)	13.0%	11.3%	2.6%	4.9%
EBITDA margin	(89.6%)	(29.3%)	(34.5%)	(17.4%)	8.4%	(0.2%)	13.2%	12.7%	7.5%	7.6%
Operating margin	(104.7%)	(35.3%)	(43.5%)	(29.2%)	0.0%	(11.2%)	7.5%	5.7%	(3.2%)	0.9%
Pre-tax margin	(106.7%)	(36.4%)	(49.6%)	(31.5%)	(0.7%)	(10.3%)	3.6%	1.4%	(9.8%)	(0.0%)
Net margin	(124.7%)	(32.0%)	(48.6%)	(30.8%)	3.7%	(4.7%)	2.0%	1.2%	(8.7%)	(1.9%)
Effective tax rate	—	—	—	—	—	—	43.9%	14.5%	—	—
Returns
Return on equity (ROE)	(66.1%)	(30.6%)	(46.0%)	(37.5%)	6.0%	(7.3%)	6.2%	4.8%	(22.9%)	—
Return on assets (ROA)	(40.3%)	(21.6%)	(26.0%)	(13.4%)	2.3%	(2.7%)	2.0%	1.1%	(5.1%)	—
Return on invested capital (ROIC)	—	—	—	—	—	—	5.0%	5.3%	—	—
Liquidity
Current ratio	0.41×	1.00×	2.92×	1.54×	1.26×	1.40×	1.12×	1.16×	1.13×	1.21×
Quick ratio	0.09×	0.13×	0.42×	0.18×	0.22×	0.43×	0.33×	0.37×	0.51×	0.73×
Leverage
Debt to equity	12.9%	8.6%	5.9%	178.0%	107.4%	129.5%	81.0%	186.8%	271.1%	234.0%
Debt to capital	11.4%	7.9%	5.6%	64.0%	51.8%	56.4%	44.8%	65.1%	73.1%	70.1%
Debt to assets	7.8%	5.3%	4.8%	54.3%	43.3%	44.0%	31.7%	45.6%	55.4%	55.1%
Assets to equity	1.64×	1.42×	1.77×	2.80×	2.67×	2.74×	3.06×	4.48×	4.53×	—
Efficiency
Asset turnover	0.32×	0.68×	0.54×	0.44×	0.61×	0.56×	1.01×	0.91×	0.58×	—
Receivable days days	39	24	28	38	45	59	31	49	111	—
Inventory days days	142	147	190	234	183	140	89	99	113	—
Payable days days	123	64	34	32	37	52	49	53	60	—
Cash conversion cycle days	57	106	184	240	190	146	71	95	164	—
Dividends
Dividend payout ratio	—	—	—	—	0.0%	—	0.0%	0.0%	—	—
Earnings retention rate	—	—	—	—	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.

KCL: frequently asked questions

What is KCL's EPS?

Karam Ceramics Limited reported basic earnings per share of Rs -50.05 for FY2025 (Jul 2024 – Jun 2025). Over the trailing twelve months (TTM to Mar 2026) EPS was Rs -22.27.

Does KCL pay dividends?

Karam Ceramics Limited did not declare a cash dividend for FY2025.

What was KCL's revenue and profit in FY2025?

Karam Ceramics Limited reported revenue of Rs 584.2 mn and profit attributable to shareholders of -Rs 728.2 mn for FY2025 (Jul 2024 – Jun 2025).

What is KCL's book value per share?

Karam Ceramics Limited's book value per share was Rs 62.22 at the end of FY2025. The shares trade at 2.72× book value.

Information only, not investment advice.