Leather Up Limited (LEUL) financial ratios

Leather Up Limited earned a net margin of -37.3% in FY2025 against a five-year average of -89.6% (Leather & Tanneries median -1.8%). Return on equity was -25.0%, compared with a sector median of 24.8%. The current ratio stood at 3.63× and debt was 0.2% of equity. Cash took about 379 days to cycle through receivables, inventory and payables.

FY2025 vs the Leather & Tanneries median

Gross margin: 9.9%; Sector median 17.2%
Operating margin: -41.3%; Sector median -23.9%
Net margin: -37.3%; Sector median -1.8%
Return on equity (ROE): -25.0%; Sector median 24.8%
Return on assets (ROA): -17.9%; Sector median 1.1%
Current ratio: 3.63×; Sector median 0.97×
Debt to equity: 0.2%; Sector median 99.7%
Asset turnover: 0.48×; Sector median 0.73×

Median of the 6 companies in the sector with the figure for their latest fiscal year.

LEUL 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	9.9%	22.8%	5.5%	22.2%	0.0%	4.2%	5.4%	2.9%	23.5%	23.3%
EBITDA margin	(40.0%)	0.3%	(23.8%)	(9.2%)	(47.5%)	(12.0%)	(10.0%)	(12.0%)	13.6%	12.4%
Operating margin	(41.3%)	(0.3%)	(23.8%)	(9.9%)	(48.8%)	(12.9%)	(10.6%)	(12.7%)	13.3%	12.1%
Pre-tax margin	(37.3%)	2.1%	(10.8%)	(52.9%)	(344.9%)	(5.1%)	(16.1%)	88.3%	10.8%	9.6%
Net margin	(37.3%)	1.2%	(12.1%)	(53.7%)	(346.0%)	(6.2%)	(17.1%)	87.5%	10.0%	8.6%
Effective tax rate	—	43.2%	—	—	—	—	—	0.9%	7.5%	10.9%
Returns
Return on equity (ROE)	(25.0%)	1.6%	(15.5%)	(47.8%)	(87.9%)	(1.8%)	(8.1%)	55.0%	25.4%	—
Return on assets (ROA)	(17.9%)	0.9%	(7.5%)	(32.0%)	(78.4%)	(1.6%)	(5.7%)	29.4%	10.2%	—
Return on invested capital (ROIC)	—	1.6%	—	—	—	—	—	40.6%	19.0%	—
Liquidity
Current ratio	3.63×	3.34×	1.72×	2.18×	5.15×	25.69×	10.77×	2.53×	1.64×	1.40×
Quick ratio	1.71×	1.04×	0.31×	1.06×	1.09×	3.35×	3.02×	1.12×	0.19×	0.34×
Leverage
Debt to equity	0.2%	0.4%	0.0%	14.2%	1.1%	0.0%	1.5%	40.6%	33.2%	47.9%
Debt to capital	0.2%	0.4%	0.0%	12.4%	1.1%	0.0%	1.5%	28.9%	24.9%	32.4%
Debt to assets	0.2%	0.3%	0.0%	7.5%	0.8%	0.0%	1.3%	24.4%	14.9%	17.2%
Assets to equity	1.40×	1.81×	2.05×	1.49×	1.12×	1.10×	1.41×	1.87×	2.48×	—
Efficiency
Asset turnover	0.48×	0.76×	0.62×	0.60×	0.23×	0.26×	0.34×	0.34×	1.03×	—
Receivable days days	69	27	93	112	92	36	5	—	7	—
Inventory days days	474	446	390	486	1,304	1,129	692	716	331	—
Payable days days	163	244	249	158	74	45	108	248	181	—
Cash conversion cycle days	379	228	233	439	1,322	1,120	589	468	156	—
Dividends
Dividend payout ratio	—	0.0%	—	—	—	—	—	0.0%	0.0%	0.0%
Earnings retention rate	—	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.

LEUL: frequently asked questions

What is LEUL's EPS?

Leather Up Limited reported basic earnings per share of Rs -0.75 for FY2025 (Jul 2024 – Jun 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs -0.63.

Does LEUL pay dividends?

Leather Up Limited did not declare a cash dividend for FY2025.

What was LEUL's revenue and profit in FY2025?

Leather Up Limited reported revenue of Rs 12.1 mn and profit attributable to shareholders of -Rs 4.5 mn for FY2025 (Jul 2024 – Jun 2025).

What is LEUL's book value per share?

Leather Up Limited's book value per share was Rs 2.64 at the end of FY2025. The shares trade at 36.91× book value.

Information only, not investment advice.