MLCF Maple Leaf Cement Factory Limited

Maple Leaf Cement Factory Limited (MLCF) financial ratios

Maple Leaf Cement Factory Limited earned a net margin of 14.8% in FY2026 against a five-year average of 12.1% (Cement median 12.5%). Return on equity was 15.4%, compared with a sector median of 15.4%. The current ratio stood at 1.25× and debt was 89.0% of equity. Cash took about 134 days to cycle through receivables, inventory and payables.

FY2026 vs the Cement median

Gross margin: 37.1%; Sector median 26.5%
Operating margin: 27.5%; Sector median 19.4%
Net margin: 14.8%; Sector median 12.5%
Return on equity (ROE): 15.4%; Sector median 15.4%
Return on assets (ROA): 7.0%; Sector median 8.0%
Current ratio: 1.25×; Sector median 1.19×
Debt to equity: 89.0%; Sector median 34.0%
Asset turnover: 0.47×; Sector median 0.56×
Dividend payout ratio: 0.0%; Sector median 6.6%

Median of the 19 companies in the sector with the figure for their latest fiscal year.

MLCF financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	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	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
Profitability
Gross margin	37.1%	37.1%	33.8%	31.2%	27.3%	24.1%	2.0%	23.3%	31.3%	39.3%	42.8%	36.2%	34.4%	34.8%	26.0%	16.6%	21.6%	32.5%	16.9%	8.4%
EBITDA margin	34.1%	32.9%	28.9%	28.4%	28.1%	27.5%	8.4%	26.5%	33.3%	37.2%	40.3%	35.6%	35.8%	37.4%	28.6%	11.1%	3.8%	23.1%	16.9%	16.1%
Operating margin	27.5%	25.9%	21.6%	22.3%	20.7%	17.4%	(3.9%)	16.2%	24.1%	29.3%	32.6%	27.1%	26.9%	27.9%	17.9%	1.4%	(3.9%)	16.1%	5.7%	4.2%
Pre-tax margin	23.4%	23.8%	16.2%	17.2%	16.8%	13.9%	(13.5%)	10.2%	20.8%	28.8%	30.2%	21.7%	18.9%	18.2%	2.9%	(12.1%)	(18.9%)	(6.0%)	(17.5%)	(3.8%)
Net margin	14.8%	16.8%	10.4%	9.3%	9.4%	10.7%	(12.2%)	9.5%	17.8%	20.0%	20.7%	16.7%	14.9%	18.6%	3.2%	(13.5%)	(19.7%)	(6.9%)	(8.7%)	1.4%
Effective tax rate	37.1%	29.6%	35.7%	46.0%	44.1%	23.0%	—	7.5%	14.3%	30.5%	31.6%	23.3%	21.2%	(2.0%)	(11.7%)	—	—	—	—	—
Returns
Return on equity (ROE)	15.4%	17.9%	13.1%	12.8%	11.3%	10.5%	(10.6%)	7.8%	16.8%	21.2%	24.9%	21.4%	21.4%	31.6%	5.3%	(28.6%)	(50.9%)	(15.7%)	(9.0%)	(0.0%)
Return on assets (ROA)	7.0%	10.5%	7.3%	6.7%	6.1%	5.7%	(5.3%)	3.9%	9.2%	13.4%	15.3%	10.9%	8.8%	9.9%	1.5%	(5.9%)	(10.4%)	(4.0%)	(2.7%)	0.2%
Return on invested capital (ROIC)	11.1%	16.9%	13.0%	10.6%	9.1%	8.8%	—	6.7%	12.4%	17.8%	20.7%	16.3%	14.3%	17.4%	10.3%	—	—	—	—	—
Liquidity
Current ratio	1.25×	1.57×	1.44×	1.51×	1.25×	1.45×	1.08×	1.04×	1.09×	1.33×	1.65×	0.91×	1.00×	0.78×	0.56×	0.52×	0.54×	0.52×	0.81×	1.08×
Quick ratio	0.57×	0.82×	0.60×	0.56×	0.30×	0.44×	0.42×	0.39×	0.44×	0.33×	0.41×	0.25×	0.31×	0.23×	0.18×	0.18×	0.22×	0.16×	0.30×	0.44×
Leverage
Debt to equity	89.0%	23.1%	26.7%	40.3%	55.1%	41.8%	58.7%	70.5%	65.7%	28.4%	14.3%	41.5%	82.8%	134.2%	200.3%	222.3%	337.0%	250.7%	195.9%	140.6%
Debt to capital	47.1%	18.8%	21.1%	28.7%	35.5%	29.5%	37.0%	41.4%	39.6%	22.1%	12.5%	29.3%	45.3%	57.3%	66.7%	69.0%	77.1%	71.5%	66.2%	58.4%
Debt to assets	34.6%	13.8%	15.3%	21.5%	28.3%	24.1%	30.2%	34.1%	33.6%	17.2%	9.5%	23.5%	38.0%	49.0%	55.9%	57.3%	66.3%	65.6%	62.6%	53.9%
Assets to equity	2.19×	1.70×	1.80×	1.91×	1.85×	1.83×	2.00×	2.01×	1.82×	1.58×	1.62×	1.95×	2.43×	3.11×	3.73×	4.33×	4.37×	3.44×	2.86×	2.57×
Efficiency
Asset turnover	0.47×	0.63×	0.70×	0.72×	0.65×	0.53×	0.43×	0.41×	0.52×	0.67×	0.74×	0.66×	0.59×	0.53×	0.47×	0.44×	0.53×	0.59×	0.32×	0.17×
Receivable days days	25	26	20	15	17	28	39	46	40	27	25	32	32	28	31	36	27	21	26	21
Inventory days days	151	142	126	129	146	154	127	159	168	179	159	142	141	141	121	109	111	131	173	239
Payable days days	41	37	33	30	34	41	38	43	31	21	24	22	15	14	17	26	26	18	18	31
Cash conversion cycle days	134	131	113	114	128	141	129	163	178	185	160	152	158	154	135	118	113	134	181	228
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	24.1%	39.7%	41.4%	43.6%	15.3%	0.0%	0.0%	0.0%	—	—	—	—	—
Earnings retention rate	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	—	0.76×	0.60×	0.59×	0.56×	0.85×	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.

MLCF: frequently asked questions

What is MLCF's EPS?

Maple Leaf Cement Factory Limited reported basic earnings per share of Rs 11.34 for FY2026 (Jul 2025 – Jun 2026).

What is MLCF's P/E ratio?

At the closing price of Rs 89.95 on 16 Oct 2026, MLCF trades at a P/E of 7.9× based on EPS of Rs 11.34 (FY2026).

Does MLCF pay dividends?

Maple Leaf Cement Factory Limited did not declare a cash dividend for FY2026.

What was MLCF's revenue and profit in FY2026?

Maple Leaf Cement Factory Limited reported revenue of Rs 85.1 bn and profit attributable to shareholders of Rs 11.9 bn for FY2026 (Jul 2025 – Jun 2026).

What is MLCF's book value per share?

Maple Leaf Cement Factory Limited's book value per share was Rs 79.23 at the end of FY2026. The shares trade at 1.14× book value.

Information only, not investment advice.