KEL K-Electric Limited

K-Electric Limited (KEL) financial ratios

K-Electric Limited earned a net margin of 0.7% in FY2024 against a five-year average of -0.2% (Power Generation & Distribution median 3.9%). Return on equity was 2.3%, compared with a sector median of 0.2%. The current ratio stood at 0.59× and debt was 230.5% of equity. Cash took about -23 days to cycle through receivables, inventory and payables.

FY2024 vs the Power Generation & Distribution median

Gross margin: 21.3%; Sector median 12.5%
Operating margin: 13.4%; Sector median 6.9%
Net margin: 0.7%; Sector median 3.9%
Return on equity (ROE): 2.3%; Sector median 0.2%
Return on assets (ROA): 0.5%; Sector median 0.1%
Current ratio: 0.59×; Sector median 2.32×
Debt to equity: 230.5%; Sector median 32.9%
Asset turnover: 0.71×; Sector median 0.17×

Median of the 16 companies in the sector with the figure for their latest fiscal year.

KEL financial ratios (annual) (Rs mn)
Rs mn	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	FY2006 Jul 2005 – Jun 2006	FY2005 * Jul 2004 – Jun 2005
Profitability
Gross margin	21.3%	10.2%	14.0%	18.2%	15.2%	17.5%	20.9%	21.5%	30.3%	22.7%	16.6%	15.2%	10.0%	0.2%	(3.9%)	(7.8%)	(16.2%)	(12.0%)	(19.4%)	(17.1%)
EBITDA margin	16.8%	5.1%	9.2%	13.4%	12.5%	11.7%	14.9%	13.1%	22.8%	17.9%	15.3%	14.0%	10.4%	2.4%	(4.3%)	(8.4%)	(16.4%)	(12.6%)	(6.6%)	10.5%
Operating margin	13.4%	0.5%	5.2%	7.5%	5.7%	6.2%	7.8%	5.8%	15.9%	12.9%	10.5%	9.3%	6.0%	(4.0%)	(8.2%)	(11.9%)	(21.6%)	(18.2%)	(13.2%)	2.2%
Pre-tax margin	0.7%	(8.2%)	1.1%	4.7%	0.1%	3.1%	6.3%	4.7%	13.2%	7.9%	4.9%	2.1%	1.6%	(7.7%)	(14.2%)	(18.1%)	(23.5%)	(20.2%)	(13.7%)	2.2%
Net margin	0.7%	(6.0%)	1.6%	3.7%	(1.0%)	6.0%	5.7%	5.7%	16.9%	14.9%	6.6%	3.6%	1.6%	(7.2%)	(14.0%)	(18.2%)	(24.0%)	(20.9%)	(14.2%)	1.2%
Effective tax rate	0.5%	—	(52.1%)	21.8%	924.0%	(94.5%)	10.3%	(19.6%)	(27.5%)	(87.9%)	(34.6%)	(70.6%)	(2.0%)	—	—	—	—	—	—	22.9%
Returns
Return on equity (ROE)	2.3%	(12.3%)	3.6%	5.5%	(1.4%)	8.2%	6.3%	5.9%	21.2%	28.4%	20.7%	15.3%	8.7%	(134.1%)	—	—	(147.8%)	(48.8%)	(22.3%)	1.7%
Return on assets (ROA)	0.5%	(3.0%)	0.9%	1.6%	(0.5%)	3.2%	2.8%	2.7%	8.7%	8.6%	4.4%	2.5%	1.0%	(4.2%)	(8.6%)	(13.8%)	(18.9%)	(17.3%)	(11.6%)	0.8%
Return on invested capital (ROIC)	12.8%	—	5.5%	4.9%	(31.6%)	9.0%	5.8%	6.1%	17.1%	21.9%	14.7%	13.5%	6.0%	—	—	—	—	—	—	1.2%
Liquidity
Current ratio	0.59×	0.81×	0.91×	0.81×	0.89×	0.92×	0.95×	1.00×	1.06×	0.88×	0.76×	0.71×	0.69×	0.57×	0.70×	0.81×	0.53×	0.75×	1.19×	1.69×
Quick ratio	0.52×	0.77×	0.88×	0.77×	0.86×	0.88×	0.90×	0.94×	1.00×	0.83×	0.73×	0.68×	0.66×	0.52×	0.65×	0.73×	0.44×	0.61×	1.00×	1.36×
Leverage
Debt to equity	230.5%	121.5%	113.2%	82.3%	73.9%	60.4%	35.1%	26.8%	32.6%	54.8%	105.8%	147.0%	194.1%	272.3%	—	—	292.0%	42.3%	17.4%	14.9%
Debt to capital	69.7%	54.9%	53.1%	45.1%	42.5%	37.6%	26.0%	21.1%	24.6%	35.4%	51.4%	59.5%	66.0%	73.1%	100.8%	113.9%	74.5%	29.7%	14.8%	13.0%
Debt to assets	37.2%	30.2%	26.7%	22.1%	22.1%	21.6%	15.4%	12.5%	14.8%	19.9%	24.5%	28.3%	29.7%	30.5%	31.3%	54.2%	21.7%	12.7%	8.2%	8.9%
Assets to equity	4.70×	4.13×	4.00×	3.54×	3.06×	2.54×	2.22×	2.18×	2.44×	3.31×	4.69×	5.78×	7.46×	17.09×	—	—	5.66×	2.65×	1.88×	2.18×
Efficiency
Asset turnover	0.71×	0.50×	0.55×	0.42×	0.44×	0.54×	0.50×	0.48×	0.52×	0.58×	0.66×	0.69×	0.64×	0.59×	0.61×	0.76×	0.79×	0.83×	0.81×	0.65×
Receivable days days	144	304	316	392	356	268	268	275	253	238	212	188	168	146	154	131	98	96	100	116
Inventory days days	16	14	14	20	19	18	22	22	21	16	12	10	13	16	16	19	22	22	22	26
Payable days days	183	260	277	354	267	179	178	173	210	218	191	207	217	181	133	118	125	76	46	47
Cash conversion cycle days	(23)	57	52	58	106	106	112	124	64	35	32	(8)	(37)	(20)	37	31	(5)	42	76	95
Dividends
Dividend payout ratio	—	—	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—	0.0%
Earnings retention rate	—	—	1.00×	1.00×	—	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	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.

KEL: frequently asked questions

What is KEL's EPS?

K-Electric Limited reported basic earnings per share of Rs 0.15 for FY2024 (Jul 2023 – Jun 2024).

What is KEL's P/E ratio?

At the closing price of Rs 6.09 on 16 Oct 2026, KEL trades at a P/E of 40.6× based on EPS of Rs 0.15 (FY2024).

Does KEL pay dividends?

K-Electric Limited did not declare a cash dividend for FY2024.

What was KEL's revenue and profit in FY2024?

K-Electric Limited reported revenue of Rs 615.9 bn and profit attributable to shareholders of Rs 4.2 bn for FY2024 (Jul 2023 – Jun 2024).

What is KEL's book value per share?

K-Electric Limited's book value per share was Rs 4.19 at the end of FY2024. The shares trade at 1.45× book value.

Information only, not investment advice.