Pakistan Tobacco Company Limited (PAKT) financial ratios

Pakistan Tobacco Company Limited earned a net margin of 21.5% in FY2025 against a five-year average of 23.7%. Return on equity was 60.2%. The current ratio stood at 1.49× and debt was 9.4% of equity. Cash took about 204 days to cycle through receivables, inventory and payables.

PAKT financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 * Jan – Dec 2007	FY2006 Jan – Dec 2006
Profitability
Gross margin	48.6%	49.5%	54.1%	47.6%	47.9%	51.8%	50.4%	43.8%	46.7%	50.7%	43.2%	37.8%	34.5%	32.5%	27.1%	29.6%	38.0%	38.6%	40.6%	17.9%
EBITDA margin	37.3%	38.7%	42.4%	36.9%	35.6%	38.3%	37.0%	29.3%	32.6%	35.8%	26.7%	21.7%	17.6%	15.6%	10.4%	10.7%	21.2%	24.9%	28.2%	11.5%
Operating margin	35.2%	36.7%	40.5%	34.6%	33.3%	35.9%	34.4%	27.6%	30.0%	33.3%	24.4%	19.4%	14.9%	13.0%	7.5%	7.2%	21.2%	21.7%	24.8%	9.9%
Pre-tax margin	36.8%	40.9%	45.5%	36.6%	34.9%	36.8%	35.2%	28.8%	30.1%	34.3%	24.7%	19.6%	15.2%	10.3%	2.4%	6.8%	21.5%	20.6%	23.2%	9.3%
Net margin	21.5%	22.9%	26.3%	22.5%	25.2%	27.1%	24.8%	19.5%	22.1%	23.1%	16.4%	13.2%	10.2%	6.7%	1.6%	4.4%	13.9%	13.4%	15.1%	6.2%
Effective tax rate	41.6%	43.9%	42.1%	38.6%	28.0%	26.3%	29.5%	32.3%	26.4%	32.6%	33.4%	32.5%	33.1%	34.9%	35.0%	34.8%	35.0%	35.0%	35.0%	33.4%
Returns
Return on equity (ROE)	60.2%	53.6%	74.3%	95.6%	100.6%	87.3%	71.5%	59.6%	64.1%	88.8%	76.7%	72.3%	65.6%	46.5%	10.5%	23.5%	76.8%	69.3%	61.7%	49.0%
Return on assets (ROA)	31.4%	27.2%	32.1%	34.6%	38.7%	38.6%	31.9%	28.5%	33.3%	41.3%	30.2%	24.6%	20.0%	12.7%	2.8%	7.5%	26.4%	24.5%	25.8%	22.8%
Return on invested capital (ROIC)	56.3%	50.9%	68.6%	81.2%	86.6%	79.8%	68.1%	58.2%	62.3%	80.9%	66.8%	56.8%	46.2%	34.3%	8.3%	17.9%	62.6%	57.1%	47.9%	40.9%
Liquidity
Current ratio	1.49×	1.86×	1.61×	1.26×	1.11×	1.27×	1.38×	1.39×	1.69×	1.52×	1.20×	1.06×	0.96×	0.95×	0.81×	0.85×	0.91×	0.75×	0.67×	1.11×
Quick ratio	0.23×	0.51×	0.73×	0.66×	0.40×	0.39×	0.29×	0.51×	0.61×	0.23×	0.06×	0.06×	0.06×	0.07×	0.06×	0.04×	0.03×	0.07×	0.07×	0.06×
Leverage
Debt to equity	9.4%	7.4%	6.7%	15.4%	23.9%	11.5%	9.4%	2.9%	2.5%	4.4%	17.3%	13.5%	52.1%	33.7%	53.5%	62.5%	30.5%	15.9%	28.0%	31.2%
Debt to capital	8.6%	6.9%	6.3%	13.3%	19.3%	10.3%	8.6%	2.8%	2.5%	4.2%	14.7%	11.9%	34.3%	25.2%	34.9%	38.5%	23.4%	13.7%	21.9%	23.8%
Debt to assets	4.6%	4.1%	3.1%	5.8%	8.2%	5.0%	4.2%	1.3%	1.3%	2.3%	7.2%	4.9%	16.2%	10.0%	13.4%	18.2%	10.6%	5.4%	10.4%	14.8%
Assets to equity	1.92×	1.97×	2.32×	2.77×	2.60×	2.26×	2.24×	2.09×	1.92×	2.15×	2.54×	2.93×	3.29×	3.66×	3.70×	3.13×	2.91×	2.82×	2.39×	2.15×
Efficiency
Asset turnover	1.46×	1.19×	1.22×	1.54×	1.54×	1.43×	1.29×	1.46×	1.50×	1.79×	1.84×	1.86×	1.96×	1.90×	1.79×	1.70×	1.89×	1.83×	1.71×	3.70×
Receivable days days	17	17	19	13	9	12	15	10	9	7	5	5	5	4	3	2	3	5	4	1
Inventory days days	266	290	264	177	201	264	293	210	232	239	203	177	157	149	141	151	139	132	155	57
Payable days days	79	73	86	73	69	74	101	84	69	73	62	40	28	32	75	128	71	15	56	34
Cash conversion cycle days	204	234	196	117	141	201	206	136	172	173	146	141	134	121	68	25	71	123	102	24
Dividends
Dividend payout ratio	128.4%	115.0%	19.4%	24.0%	37.9%	43.4%	77.3%	96.4%	80.1%	61.6%	87.0%	79.0%	49.1%	48.0%	70.2%	92.5%	101.4%	81.2%	99.2%	99.2%
Earnings retention rate	(0.28×)	(0.15×)	0.81×	0.76×	0.62×	0.57×	0.23×	0.04×	0.20×	0.38×	0.13×	0.21×	0.51×	0.52×	0.30×	0.07×	(0.01×)	0.19×	0.01×	0.01×

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.

PAKT: frequently asked questions

What is PAKT's EPS?

Pakistan Tobacco Company Limited reported basic earnings per share of Rs 116.85 for FY2025 (Jan – Dec 2025). Over the trailing twelve months (TTM to Jun 2026) EPS was Rs 133.56.

What is PAKT's P/E ratio?

At the closing price of Rs 1,400.00 on 16 Oct 2026, PAKT trades at a P/E of 10.5× based on EPS of Rs 133.56 (TTM to Jun 2026).

Does PAKT pay dividends?

Yes. Pakistan Tobacco Company Limited declared a dividend of Rs 150.00 per share for FY2025. It has paid a dividend in each of the last 20 years. At Rs 1,400.00 that is a dividend yield of 10.7%.

What was PAKT's revenue and profit in FY2025?

Pakistan Tobacco Company Limited reported revenue of Rs 139.0 bn and profit attributable to shareholders of Rs 29.9 bn for FY2025 (Jan – Dec 2025).

What is PAKT's book value per share?

Pakistan Tobacco Company Limited's book value per share was Rs 183.82 at the end of FY2025. The shares trade at 7.21× book value.

Information only, not investment advice.