PCAL Pakistan Cables Limited

Pakistan Cables Limited (PCAL) financial ratios

Pakistan Cables Limited earned a net margin of 0.5% in FY2026 against a five-year average of 1.5% (Cable & Electrical Goods median 5.2%). Return on equity was 1.7%, compared with a sector median of 2.4%. The current ratio stood at 0.99× and debt was 185.0% of equity. Cash took about 135 days to cycle through receivables, inventory and payables.

FY2026 vs the Cable & Electrical Goods median

Gross margin: 10.4%; Sector median 18.7%
Operating margin: 7.0%; Sector median 10.8%
Net margin: 0.5%; Sector median 5.2%
Return on equity (ROE): 1.7%; Sector median 2.4%
Return on assets (ROA): 0.4%; Sector median 1.1%
Current ratio: 0.99×; Sector median 1.36×
Debt to equity: 185.0%; Sector median 55.5%
Asset turnover: 0.90×; Sector median 0.76×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 7 companies in the sector with the figure for their latest fiscal year.

PCAL 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	10.4%	10.4%	12.9%	14.7%	13.0%	11.6%	9.5%	11.8%	11.9%	15.6%	15.7%	12.4%	13.2%	11.3%	12.9%	12.7%	10.9%	15.9%	9.7%	14.7%
EBITDA margin	8.3%	8.3%	8.8%	10.5%	8.8%	8.2%	4.9%	6.4%	7.1%	10.9%	9.4%	7.3%	9.3%	7.5%	9.3%	9.0%	9.0%	12.3%	6.0%	11.3%
Operating margin	7.0%	6.6%	7.8%	9.5%	7.9%	6.5%	2.4%	4.2%	4.8%	8.4%	7.0%	5.3%	7.3%	5.5%	7.1%	6.1%	6.0%	9.3%	4.0%	9.9%
Pre-tax margin	1.7%	(1.3%)	1.1%	5.2%	6.3%	5.7%	(0.7%)	1.8%	3.6%	7.7%	5.9%	3.6%	5.9%	4.2%	4.5%	3.6%	1.4%	3.0%	1.4%	7.0%
Net margin	0.5%	(1.0%)	0.8%	3.3%	3.9%	4.2%	(1.0%)	1.3%	3.2%	5.9%	3.9%	2.7%	3.4%	2.8%	2.6%	2.1%	1.0%	0.8%	2.2%	2.3%
Effective tax rate	71.7%	—	28.2%	36.0%	37.8%	26.2%	—	28.4%	11.2%	23.4%	35.1%	24.4%	43.2%	33.5%	41.9%	41.6%	26.7%	74.5%	(53.0%)	67.5%
Returns
Return on equity (ROE)	1.7%	(2.9%)	2.2%	7.8%	11.5%	10.9%	(1.9%)	2.9%	8.9%	15.7%	9.6%	7.6%	9.5%	7.9%	6.6%	6.1%	5.3%	3.8%	13.1%	18.0%
Return on assets (ROA)	0.4%	(0.8%)	0.8%	3.4%	5.4%	5.7%	(1.1%)	1.6%	4.7%	8.8%	5.7%	4.4%	5.6%	4.8%	3.7%	2.3%	1.2%	0.8%	2.6%	3.3%
Return on invested capital (ROIC)	2.7%	—	6.0%	7.3%	8.4%	8.6%	—	2.6%	6.3%	12.4%	7.8%	5.7%	7.2%	6.3%	6.0%	5.2%	7.3%	4.4%	14.0%	8.5%
Liquidity
Current ratio	0.99×	1.03×	1.05×	1.05×	0.94×	1.25×	1.47×	1.84×	1.63×	1.50×	1.69×	1.69×	1.57×	1.80×	1.61×	1.37×	1.02×	1.07×	0.96×	1.09×
Quick ratio	0.66×	0.67×	0.68×	0.59×	0.52×	0.72×	0.78×	1.01×	0.95×	0.66×	0.77×	0.81×	0.79×	0.93×	0.66×	0.49×	0.47×	0.45×	0.32×	0.35×
Leverage
Debt to equity	185.0%	182.3%	156.1%	94.3%	68.4%	61.9%	46.0%	46.9%	56.9%	38.1%	23.2%	28.4%	36.7%	25.9%	26.6%	52.0%	219.6%	135.6%	218.5%	192.8%
Debt to capital	64.9%	64.6%	60.9%	48.5%	40.6%	38.2%	31.5%	31.9%	36.3%	27.6%	18.9%	22.1%	26.8%	20.5%	21.0%	34.2%	68.7%	57.5%	68.6%	65.9%
Debt to assets	50.3%	46.0%	47.7%	38.3%	31.6%	30.0%	26.1%	27.1%	29.8%	20.5%	13.7%	17.2%	20.7%	16.1%	15.5%	28.2%	43.4%	32.4%	42.5%	39.0%
Assets to equity	3.81×	3.61×	2.87×	2.32×	2.13×	1.92×	1.75×	1.81×	1.89×	1.78×	1.68×	1.71×	1.69×	1.66×	1.77×	2.67×	4.63×	4.64×	5.04×	5.38×
Efficiency
Asset turnover	0.90×	0.84×	0.95×	1.01×	1.39×	1.35×	1.08×	1.24×	1.48×	1.49×	1.48×	1.63×	1.66×	1.70×	1.43×	1.10×	1.14×	1.06×	1.20×	1.46×
Receivable days days	124	113	89	79	68	76	94	90	71	61	63	65	67	58	54	70	63	51	49	42
Inventory days days	89	90	72	77	65	71	94	92	87	96	92	81	77	78	103	121	92	112	118	111
Payable days days	78	74	47	50	40	39	42	41	53	46	15	12	10	11	12	13	21	17	17	38
Cash conversion cycle days	135	129	114	106	92	108	146	141	104	110	140	134	133	124	145	178	133	146	150	116
Dividends
Dividend payout ratio	0.0%	—	0.0%	0.0%	45.1%	0.0%	—	140.9%	41.9%	77.3%	48.5%	45.1%	57.6%	65.8%	66.1%	66.4%	84.0%	185.7%	0.0%	57.6%
Earnings retention rate	1.00×	—	1.00×	1.00×	0.55×	1.00×	—	(0.41×)	0.58×	0.23×	0.52×	0.55×	0.42×	0.34×	0.34×	0.34×	0.16×	(0.86×)	1.00×	0.42×

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.

PCAL: frequently asked questions

What is PCAL's EPS?

Pakistan Cables Limited reported basic earnings per share of Rs 3.05 for FY2026 (Jul 2025 – Jun 2026).

What is PCAL's P/E ratio?

At the closing price of Rs 135.96 on 16 Oct 2026, PCAL trades at a P/E of 44.5× based on EPS of Rs 3.05 (FY2026).

Does PCAL pay dividends?

Pakistan Cables Limited did not declare a cash dividend for FY2026.

What was PCAL's revenue and profit in FY2026?

Pakistan Cables Limited reported revenue of Rs 33.8 bn and profit attributable to shareholders of Rs 166.2 mn for FY2026 (Jul 2025 – Jun 2026).

What is PCAL's book value per share?

Pakistan Cables Limited's book value per share was Rs 187.30 at the end of FY2026. The shares trade at 0.73× book value.

Information only, not investment advice.