Khyber Tobacco Company Limited (KHTC) financial ratios

Khyber Tobacco Company Limited earned a net margin of 2.8% in FY2025 against a five-year average of 0.8%. Return on equity was 9.8%. The current ratio stood at 1.04× and debt was 45.1% of equity. Cash took about -13 days to cycle through receivables, inventory and payables.

KHTC 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	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012
Profitability
Gross margin	17.9%	5.0%	37.3%	32.6%	13.5%	17.4%	16.6%	44.0%	38.3%	23.3%	22.5%	26.8%	9.8%	29.5%
EBITDA margin	11.9%	(9.9%)	35.4%	27.6%	7.0%	8.9%	7.6%	32.4%	31.6%	15.2%	16.9%	22.0%	6.7%	22.5%
Operating margin	8.6%	(20.1%)	33.1%	22.0%	(1.5%)	4.7%	(1.0%)	26.1%	27.4%	9.9%	13.3%	19.3%	4.0%	20.6%
Pre-tax margin	4.2%	(32.7%)	28.6%	16.6%	(6.8%)	2.3%	(5.5%)	25.2%	27.3%	10.7%	15.5%	19.8%	4.2%	20.7%
Net margin	2.8%	(32.8%)	26.9%	12.8%	(5.6%)	2.1%	(3.6%)	17.8%	18.5%	9.2%	11.5%	15.9%	2.4%	19.2%
Effective tax rate	33.7%	—	5.9%	23.1%	—	8.3%	—	29.7%	32.3%	14.3%	26.0%	19.5%	43.2%	7.2%
Returns
Return on equity (ROE)	9.8%	(31.5%)	71.9%	21.1%	(5.4%)	3.0%	(2.9%)	15.9%	19.8%	9.6%	15.5%	25.8%	4.5%	—
Return on assets (ROA)	1.9%	(10.2%)	30.0%	7.0%	(2.3%)	1.7%	(2.0%)	10.9%	13.3%	6.2%	10.3%	16.9%	2.7%	—
Return on invested capital (ROIC)	10.9%	—	62.4%	14.9%	—	3.9%	—	16.2%	20.0%	9.9%	15.7%	26.2%	4.5%	—
Liquidity
Current ratio	1.04×	1.01×	1.33×	0.99×	0.97×	1.51×	2.64×	2.94×	2.91×	2.51×	2.08×	2.48×	1.59×	1.83×
Quick ratio	0.26×	0.32×	0.87×	0.46×	0.48×	0.89×	1.36×	1.20×	1.46×	0.78×	0.78×	0.83×	0.89×	0.72×
Leverage
Debt to equity	45.1%	42.1%	2.7%	83.4%	84.9%	10.8%	—	—	—	—	—	—	—	—
Debt to capital	31.1%	29.6%	2.6%	45.5%	45.9%	9.7%	—	—	—	—	—	—	—	—
Debt to assets	7.9%	9.3%	1.3%	26.2%	30.6%	5.4%	—	—	—	—	—	—	—	—
Assets to equity	5.15×	3.08×	2.40×	3.02×	2.38×	1.74×	1.46×	1.46×	1.49×	1.55×	1.50×	1.53×	1.66×	—
Efficiency
Asset turnover	0.68×	0.31×	1.11×	0.55×	0.40×	0.82×	0.56×	0.62×	0.72×	0.67×	0.90×	1.06×	1.14×	—
Receivable days days	51	162	54	70	96	74	100	121	111	93	48	44	65	—
Inventory days days	377	499	143	323	306	162	276	369	310	316	207	149	114	—
Payable days days	439	706	226	349	355	177	157	186	181	210	145	141	128	—
Cash conversion cycle days	(13)	(47)	(30)	43	46	59	219	304	240	199	109	52	51	—
Dividends
Dividend payout ratio	0.0%	—	0.0%	0.0%	—	0.0%	—	5.0%	6.3%	10.4%	11.8%	4.2%	27.7%	0.0%
Earnings retention rate	1.00×	—	1.00×	1.00×	—	1.00×	—	0.95×	0.94×	0.90×	0.88×	0.96×	0.72×	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.

KHTC: frequently asked questions

What is KHTC's EPS?

Khyber Tobacco Company Limited reported basic earnings per share of Rs 39.67 for FY2025 (Jul 2024 – Jun 2025). Over the trailing twelve months (TTM to Mar 2026) EPS was Rs -32.24.

Does KHTC pay dividends?

Khyber Tobacco Company Limited did not declare a cash dividend for FY2025.

What was KHTC's revenue and profit in FY2025?

Khyber Tobacco Company Limited reported revenue of Rs 9.9 bn and profit attributable to shareholders of Rs 274.6 mn for FY2025 (Jul 2024 – Jun 2025).

What is KHTC's book value per share?

Khyber Tobacco Company Limited's book value per share was Rs 424.02 at the end of FY2025. The shares trade at 0.67× book value.

Information only, not investment advice.