Next Capital Limited (NEXT) financial ratios

Next Capital Limited earned a net margin of 7.9% in FY2026 against a five-year average of -13.9% (Inv. Banks / Inv. Cos. / Securities Cos. median 35.1%). Return on equity was 11.5%, compared with a sector median of 18.1%. The current ratio stood at 1.18× and debt was 37.5% of equity. Cash took about 133 days to cycle through receivables, inventory and payables.

FY2026 vs the Inv. Banks / Inv. Cos. / Securities Cos. median

Net margin: 7.9%; Sector median 35.1%
Return on equity (ROE): 11.5%; Sector median 18.1%
Return on assets (ROA): 2.7%; Sector median 7.8%
Debt to equity: 37.5%; Sector median 30.4%
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 34 companies in the sector with the figure for their latest fiscal year.

NEXT 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
Profitability
Pre-tax margin	8.9%	7.0%	(13.1%)	(75.2%)	15.2%	30.2%	18.6%	9.0%	2.0%	39.6%	(3.5%)	10.6%	7.2%	(21.3%)	(47.2%)
Net margin	7.9%	10.0%	(13.0%)	(81.6%)	7.4%	22.3%	9.1%	3.0%	(10.5%)	29.1%	(9.9%)	6.4%	6.1%	(13.8%)	(20.1%)
Effective tax rate	11.5%	(42.1%)	—	—	51.4%	26.2%	51.2%	66.3%	631.2%	26.4%	—	39.7%	15.1%	—	—
Returns
Return on equity (ROE)	11.5%	6.8%	(5.2%)	(20.4%)	6.0%	18.2%	4.4%	1.3%	(5.6%)	31.6%	(9.5%)	5.1%	4.5%	(4.1%)	—
Return on assets (ROA)	2.7%	2.9%	(2.6%)	(9.9%)	2.6%	8.3%	2.2%	0.7%	(2.8%)	11.4%	(2.9%)	2.5%	2.8%	(2.9%)	—
Leverage
Debt to equity	37.5%	44.3%	49.7%	43.1%	34.3%	38.8%	46.7%	50.6%	14.7%	21.9%	78.7%	63.2%	34.5%	—	17.8%
Debt to capital	27.3%	30.7%	33.2%	30.1%	25.6%	28.0%	31.8%	33.6%	12.8%	18.0%	44.0%	38.7%	25.7%	—	15.1%
Debt to assets	9.9%	17.3%	23.3%	22.6%	15.7%	16.0%	24.2%	24.2%	8.6%	9.4%	19.4%	25.6%	21.5%	—	13.7%
Assets to equity	3.17×	2.35×	2.02×	2.06×	2.30×	2.20×	2.01×	1.89×	2.04×	2.76×	3.23×	2.05×	1.58×	1.42×	—
Dividends
Dividend payout ratio	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	212.0%	—	0.0%	—	0.0%	0.0%	—	—
Earnings retention rate	1.00×	1.00×	—	—	1.00×	1.00×	1.00×	(1.12×)	—	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.

NEXT: frequently asked questions

What is NEXT's EPS?

Next Capital Limited reported basic earnings per share of Rs 0.79 for FY2026 (Jul 2025 – Jun 2026).

What is NEXT's P/E ratio?

At the closing price of Rs 16.02 on 16 Oct 2026, NEXT trades at a P/E of 20.4× based on EPS of Rs 0.79 (FY2026).

Does NEXT pay dividends?

Next Capital Limited did not declare a cash dividend for FY2026.

What was NEXT's revenue and profit in FY2026?

Next Capital Limited reported revenue of Rs 469.7 mn and profit attributable to shareholders of Rs 44.8 mn for FY2026 (Jul 2025 – Jun 2026).

What is NEXT's book value per share?

Next Capital Limited's book value per share was Rs 6.06 at the end of FY2026. The shares trade at 2.65× book value.

Information only, not investment advice.