SAZEW Sazgar Engineering Works Limited

Sazgar Engineering Works Limited (SAZEW) financial ratios

Sazgar Engineering Works Limited earned a net margin of 12.3% in FY2026 against a five-year average of 9.5% (Automobile Assembler median 8.8%). Return on equity was 70.8%, compared with a sector median of 36.2%. The current ratio stood at 1.84× and debt was 12.2% of equity. Cash took about 67 days to cycle through receivables, inventory and payables.

FY2026 vs the Automobile Assembler median

Gross margin: 24.2%; Sector median 19.4%
Operating margin: 20.2%; Sector median 12.7%
Net margin: 12.3%; Sector median 8.8%
Return on equity (ROE): 70.8%; Sector median 36.2%
Return on assets (ROA): 38.3%; Sector median 16.2%
Current ratio: 1.84×; Sector median 1.61×
Debt to equity: 12.2%; Sector median 2.9%
Asset turnover: 3.11×; Sector median 1.51×
Dividend payout ratio: 17.9%; Sector median 17.9%

Median of the 10 companies in the sector with the figure for their latest fiscal year.

SAZEW 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	24.2%	29.1%	27.1%	14.0%	8.6%	9.0%	10.0%	10.2%	11.2%	10.5%	9.8%	9.2%	9.6%	10.5%	12.0%	10.6%	10.1%	10.8%	19.5%	19.3%
EBITDA margin	20.5%	25.0%	23.4%	10.3%	4.5%	3.6%	4.1%	4.8%	7.0%	6.3%	8.7%	7.8%	6.8%	8.1%	8.1%	7.0%	5.9%	6.0%	14.8%	15.4%
Operating margin	20.2%	24.7%	23.0%	9.1%	3.0%	3.1%	3.5%	4.1%	6.5%	5.7%	8.0%	6.9%	6.5%	7.1%	7.5%	6.4%	5.0%	4.2%	14.0%	13.7%
Pre-tax margin	20.2%	24.6%	22.8%	8.2%	2.6%	2.6%	1.4%	3.5%	6.4%	5.6%	5.4%	4.0%	4.2%	5.1%	7.2%	5.8%	4.4%	2.7%	13.5%	13.3%
Net margin	12.3%	15.0%	13.8%	5.5%	1.1%	1.9%	1.0%	2.5%	4.7%	3.9%	3.7%	3.0%	2.9%	3.5%	4.6%	3.6%	4.2%	1.6%	8.4%	7.7%
Effective tax rate	38.9%	38.9%	39.5%	32.8%	55.3%	27.5%	32.2%	26.7%	27.0%	30.0%	30.1%	26.1%	31.0%	30.8%	35.4%	38.3%	3.5%	41.4%	38.0%	41.8%
Returns
Return on equity (ROE)	70.8%	96.6%	121.9%	40.9%	6.2%	4.2%	2.0%	8.2%	21.5%	19.5%	16.5%	12.3%	10.6%	12.4%	26.9%	23.3%	22.9%	5.0%	55.4%	—
Return on assets (ROA)	38.3%	46.0%	43.0%	14.9%	2.3%	2.0%	1.2%	4.6%	12.3%	11.0%	9.5%	7.2%	6.1%	6.5%	13.0%	10.9%	11.3%	2.4%	24.6%	—
Return on invested capital (ROIC)	65.7%	95.5%	115.0%	35.3%	5.5%	4.2%	4.1%	8.8%	21.6%	19.6%	16.4%	12.7%	11.0%	12.8%	24.4%	20.6%	22.2%	6.4%	45.7%	—
Liquidity
Current ratio	1.84×	1.97×	1.35×	1.18×	0.97×	1.20×	2.47×	1.70×	1.79×	1.73×	2.48×	2.26×	2.38×	2.09×	1.77×	1.58×	1.52×	1.54×	1.40×	1.46×
Quick ratio	0.50×	1.13×	0.56×	0.77×	0.37×	0.84×	1.34×	0.53×	0.81×	0.62×	1.16×	0.75×	0.77×	0.99×	0.54×	0.57×	0.61×	0.73×	0.81×	0.68×
Leverage
Debt to equity	12.2%	0.6%	3.6%	18.4%	44.4%	29.9%	22.0%	21.4%	0.0%	0.0%	0.1%	3.1%	2.0%	5.1%	9.0%	25.6%	22.9%	12.6%	31.5%	16.0%
Debt to capital	10.8%	0.6%	3.4%	15.5%	30.8%	23.0%	18.0%	17.7%	0.0%	0.0%	0.1%	3.0%	2.0%	4.8%	8.3%	20.4%	18.6%	11.2%	23.9%	13.8%
Debt to assets	6.4%	0.4%	1.2%	7.0%	15.4%	11.8%	13.8%	11.4%	0.0%	0.0%	0.1%	1.8%	1.2%	2.8%	4.5%	11.9%	10.9%	6.5%	13.7%	7.3%
Assets to equity	1.85×	2.10×	2.84×	2.74×	2.72×	2.07×	1.70×	1.79×	1.74×	1.77×	1.73×	1.72×	1.73×	1.90×	2.07×	2.13×	2.03×	2.11×	2.25×	—
Efficiency
Asset turnover	3.11×	3.06×	3.12×	2.72×	1.99×	1.08×	1.21×	1.80×	2.63×	2.80×	2.54×	2.40×	2.13×	1.85×	2.80×	3.05×	2.68×	1.48×	2.94×	—
Receivable days days	1	6	10	11	12	24	32	26	20	22	30	31	32	39	21	19	28	68	33	—
Inventory days days	72	68	70	40	50	74	92	72	54	59	74	84	84	102	74	59	57	86	48	—
Payable days days	6	43	87	74	88	120	65	63	51	46	45	46	54	68	41	34	43	72	40	—
Cash conversion cycle days	67	31	(7)	(22)	(25)	(22)	59	35	22	35	59	69	62	74	54	44	43	81	42	—
Dividends
Dividend payout ratio	17.9%	11.8%	9.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	34.6%	33.4%	48.8%	59.5%	27.0%	28.5%	32.8%	16.2%	0.0%	0.0%	16.5%
Earnings retention rate	0.82×	0.88×	0.91×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	0.65×	0.67×	0.51×	0.41×	0.73×	0.71×	0.67×	0.84×	1.00×	1.00×	0.84×

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.

SAZEW: frequently asked questions

What is SAZEW's EPS?

Sazgar Engineering Works Limited reported basic earnings per share of Rs 390.51 for FY2026 (Jul 2025 – Jun 2026).

What is SAZEW's P/E ratio?

At the closing price of Rs 1,530.41 on 16 Oct 2026, SAZEW trades at a P/E of 3.9× based on EPS of Rs 390.51 (FY2026).

Does SAZEW pay dividends?

Yes. Sazgar Engineering Works Limited declared a dividend of Rs 70.00 per share for FY2026. It has paid a dividend in each of the last 4 years. At Rs 1,530.41 that is a dividend yield of 4.6%.

What was SAZEW's revenue and profit in FY2026?

Sazgar Engineering Works Limited reported revenue of Rs 191.7 bn and profit attributable to shareholders of Rs 23.6 bn for FY2026 (Jul 2025 – Jun 2026).

What is SAZEW's book value per share?

Sazgar Engineering Works Limited's book value per share was Rs 711.64 at the end of FY2026. The shares trade at 2.15× book value.

Information only, not investment advice.