NCPL Nishat Chunian Power Limited

Nishat Chunian Power Limited (NCPL) financial ratios

Nishat Chunian Power Limited earned a net margin of 26.3% in FY2026 against a five-year average of 5.9% (Power Generation & Distribution median 3.9%). Return on equity was 10.3%, compared with a sector median of 0.2%. The current ratio stood at 2.92× and debt was 13.2% of equity. Cash took about 267 days to cycle through receivables, inventory and payables.

FY2026 vs the Power Generation & Distribution median

Gross margin: 15.6%; Sector median 12.5%
Operating margin: 8.2%; Sector median 6.9%
Net margin: 26.3%; Sector median 3.9%
Return on equity (ROE): 10.3%; Sector median 0.2%
Return on assets (ROA): 9.3%; Sector median 0.1%
Current ratio: 2.92×; Sector median 2.32×
Debt to equity: 13.2%; Sector median 32.9%
Asset turnover: 0.35×; Sector median 0.17×
Dividend payout ratio: 0.0%; Sector median 0.0%

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

NCPL 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
Profitability
Gross margin	15.6%	38.7%	32.1%	27.8%	14.0%	32.4%	51.9%	33.8%	28.0%	26.8%	30.3%	22.7%	17.9%	20.1%	23.9%	22.6%	—	—	—
EBITDA margin	15.3%	43.8%	35.8%	31.0%	16.9%	36.8%	56.6%	39.0%	33.3%	32.5%	37.0%	27.1%	21.6%	24.4%	28.1%	28.6%	—	—	—
Operating margin	8.2%	32.4%	31.0%	26.8%	13.2%	29.9%	50.9%	31.8%	26.9%	25.3%	28.5%	22.0%	17.4%	20.0%	23.7%	22.4%	—	—	—
Pre-tax margin	31.1%	(56.7%)	32.3%	21.7%	9.9%	21.6%	35.4%	22.7%	20.5%	18.6%	19.9%	13.7%	10.5%	10.8%	9.3%	8.0%	—	—	—
Net margin	26.3%	(60.7%)	32.3%	21.7%	9.9%	21.6%	35.4%	22.7%	20.5%	18.6%	19.9%	13.7%	10.5%	10.9%	9.3%	7.9%	—	—	—
Effective tax rate	15.4%	—	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	(0.0%)	0.0%	—	0.0%	(0.9%)	0.6%	0.8%	—	—	—
Returns
Return on equity (ROE)	10.3%	(12.9%)	18.4%	16.4%	11.0%	12.4%	27.6%	25.7%	31.8%	36.4%	37.6%	42.8%	40.5%	41.3%	36.7%	37.7%	(0.3%)	(0.2%)	—
Return on assets (ROA)	9.3%	(12.0%)	16.4%	12.4%	7.2%	7.8%	15.2%	12.2%	13.6%	13.2%	12.0%	12.0%	11.6%	10.7%	7.5%	6.8%	(0.1%)	(0.0%)	—
Return on invested capital (ROIC)	9.5%	—	18.8%	16.0%	10.2%	11.3%	22.7%	17.6%	18.3%	18.7%	18.1%	—	21.6%	22.1%	20.2%	20.2%	—	—	—
Liquidity
Current ratio	2.92×	14.25×	8.13×	5.19×	2.20×	2.00×	1.81×	1.25×	1.38×	1.30×	1.29×	1.41×	1.36×	2.23×	1.32×	1.32×	1.26×	0.04×	0.33×
Quick ratio	1.98×	12.63×	6.99×	4.77×	1.95×	1.89×	1.75×	1.13×	1.19×	1.14×	1.11×	1.15×	1.22×	1.86×	1.24×	1.17×	0.97×	—	—
Leverage
Debt to equity	13.2%	3.2%	0.4%	4.0%	45.3%	46.9%	58.0%	98.1%	108.2%	151.3%	182.0%	216.0%	248.8%	177.5%	346.1%	375.5%	482.6%	—	—
Debt to capital	11.6%	3.1%	0.4%	3.9%	31.2%	31.9%	36.7%	49.5%	52.0%	60.2%	64.5%	68.4%	71.3%	64.0%	77.6%	79.0%	82.8%	—	—
Debt to assets	11.3%	3.1%	0.4%	3.5%	30.1%	30.4%	35.5%	47.7%	50.1%	58.4%	61.2%	65.8%	64.0%	57.0%	72.7%	74.4%	77.6%	—	—
Assets to equity	1.11×	1.07×	1.12×	1.32×	1.52×	1.58×	1.82×	2.11×	2.34×	2.76×	3.13×	3.58×	3.49×	3.86×	4.89×	5.55×	5.87×	5.14×	—
Efficiency
Asset turnover	0.35×	0.20×	0.51×	0.57×	0.73×	0.36×	0.43×	0.54×	0.66×	0.71×	0.60×	0.87×	1.10×	0.98×	0.81×	0.86×	0.00×	0.00×	—
Receivable days days	153	553	359	299	260	642	492	331	229	186	214	158	111	131	161	81	—	—	—
Inventory days days	124	268	83	63	37	48	70	69	55	42	61	35	21	19	19	23	—	—	—
Payable days days	10	82	42	16	6	15	5	10	10	5	8	21	27	24	18	9	—	—	—
Cash conversion cycle days	267	739	400	347	291	674	557	390	273	223	266	172	106	126	163	95	—	—	—
Dividends
Dividend payout ratio	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.0%	37.6%	16.2%	30.6%	96.6%	89.2%	82.3%	80.5%	64.1%	45.6%	—	—	—
Earnings retention rate	1.00×	—	1.00×	1.00×	1.00×	1.00×	1.00×	0.62×	0.84×	0.69×	0.03×	0.11×	0.18×	0.19×	0.36×	0.54×	—	—	—

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.

NCPL: frequently asked questions

What is NCPL's EPS?

Nishat Chunian Power Limited reported basic earnings per share of Rs 6.75 for FY2026 (Jul 2025 – Jun 2026).

What is NCPL's P/E ratio?

At the closing price of Rs 48.85 on 16 Oct 2026, NCPL trades at a P/E of 7.2× based on EPS of Rs 6.75 (FY2026).

Does NCPL pay dividends?

Yes. Nishat Chunian Power Limited declared a dividend of Rs 2.50 per share for FY2026. At Rs 48.85 that is a dividend yield of 5.1%.

What was NCPL's revenue and profit in FY2026?

Nishat Chunian Power Limited reported revenue of Rs 9.4 bn and profit attributable to shareholders of Rs 2.5 bn for FY2026 (Jul 2025 – Jun 2026).

What is NCPL's book value per share?

Nishat Chunian Power Limited's book value per share was Rs 68.47 at the end of FY2026. The shares trade at 0.71× book value.

Information only, not investment advice.