SNGP Sui Northern Gas Pipelines Limited

Sui Northern Gas Pipelines Limited (SNGP) financial ratios

Sui Northern Gas Pipelines Limited earned a net margin of 1.0% in FY2025 against a five-year average of 1.1% (Oil & Gas Marketing Companies median 1.0%). Return on equity was 21.6%, compared with a sector median of 18.2%. The current ratio stood at 0.94× and debt was 292.5% of equity. Cash took about 28 days to cycle through receivables, inventory and payables.

FY2025 vs the Oil & Gas Marketing Companies median

Gross margin: 5.7%; Sector median 5.4%
Operating margin: 4.3%; Sector median 3.4%
Net margin: 1.0%; Sector median 1.0%
Return on equity (ROE): 21.6%; Sector median 18.2%
Return on assets (ROA): 0.9%; Sector median 2.9%
Current ratio: 0.94×; Sector median 0.97×
Debt to equity: 292.5%; Sector median 54.7%
Asset turnover: 0.85×; Sector median 2.82×
Dividend payout ratio: 13.0%; Sector median 12.8%

Median of the 9 companies in the sector with the figure for their latest fiscal year.

SNGP financial ratios (annual) (Rs mn)
Rs mn	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	FY2006 Jul 2005 – Jun 2006
Profitability
Gross margin	5.7%	2.9%	2.5%	6.6%	7.0%	7.3%	4.7%	5.4%	5.7%	1.7%	1.0%	0.3%	(7.5%)	3.3%	1.9%	3.5%	7.0%	8.3%	11.9%	13.1%
EBITDA margin	5.9%	2.6%	2.6%	5.9%	8.8%	9.0%	5.7%	6.9%	7.1%	3.0%	2.1%	0.9%	(6.0%)	6.9%	5.4%	8.3%	5.3%	6.4%	4.6%	6.0%
Operating margin	4.3%	1.2%	1.1%	4.4%	5.6%	5.8%	3.4%	3.7%	3.5%	(1.2%)	(2.5%)	(3.1%)	(10.3%)	3.1%	1.3%	4.0%	1.7%	2.4%	0.5%	2.1%
Pre-tax margin	1.7%	1.4%	0.8%	1.2%	2.1%	1.1%	1.5%	3.1%	3.6%	(0.1%)	(1.6%)	(2.5%)	(7.7%)	2.2%	0.9%	2.4%	1.0%	3.2%	3.8%	4.8%
Net margin	1.0%	1.2%	0.8%	0.8%	1.5%	0.8%	0.9%	2.2%	2.5%	0.0%	(1.2%)	(1.8%)	(4.7%)	1.4%	0.6%	1.6%	0.1%	0.8%	1.0%	2.2%
Effective tax rate	40.3%	13.0%	2.8%	33.1%	30.7%	28.7%	36.5%	28.1%	31.3%	—	—	—	—	35.8%	33.3%	34.2%	92.4%	74.6%	73.9%	54.6%
Returns
Return on equity (ROE)	21.6%	34.6%	24.8%	28.1%	37.0%	26.0%	35.6%	76.0%	120.5%	3.4%	(51.7%)	(49.2%)	(62.4%)	15.2%	6.0%	14.7%	0.8%	6.1%	7.1%	16.6%
Return on assets (ROA)	0.9%	1.2%	0.8%	0.9%	1.3%	0.8%	1.3%	2.8%	3.0%	0.1%	(1.3%)	(2.4%)	(5.8%)	2.0%	0.8%	2.0%	0.1%	1.1%	1.4%	3.3%
Return on invested capital (ROIC)	11.7%	20.8%	17.4%	13.1%	13.2%	14.1%	12.2%	18.7%	18.1%	—	—	—	—	12.6%	5.2%	13.1%	0.8%	5.2%	5.3%	10.9%
Liquidity
Current ratio	0.94×	0.96×	0.97×	0.98×	0.97×	0.95×	0.95×	0.95×	0.96×	0.87×	0.78×	0.69×	0.75×	0.99×	0.94×	0.83×	0.82×	1.19×	1.30×	1.30×
Quick ratio	0.91×	0.94×	0.95×	0.96×	0.95×	0.92×	0.92×	0.83×	0.88×	0.84×	0.75×	0.65×	0.71×	0.95×	0.90×	0.79×	0.77×	1.09×	1.24×	1.23×
Leverage
Debt to equity	292.5%	308.7%	385.3%	213.4%	299.7%	436.3%	377.4%	355.5%	530.7%	1,023.0%	483.6%	169.0%	99.1%	58.6%	64.4%	16.0%	23.9%	25.3%	40.8%	66.1%
Debt to capital	74.5%	75.5%	79.4%	68.1%	75.0%	81.4%	79.1%	78.0%	84.1%	91.1%	82.9%	62.8%	49.8%	37.0%	39.2%	13.8%	19.3%	20.2%	29.0%	39.8%
Debt to assets	12.3%	12.1%	12.0%	6.7%	11.2%	13.7%	12.6%	14.4%	17.3%	15.0%	8.4%	6.1%	6.1%	7.2%	8.7%	2.1%	3.1%	4.4%	8.0%	12.9%
Assets to equity	24.65×	28.33×	32.09×	29.60×	28.96×	30.97×	27.46×	26.83×	40.29×	62.83×	38.61×	20.58×	10.80×	7.81×	7.43×	7.51×	6.62×	5.42×	5.13×	5.08×
Efficiency
Asset turnover	0.85×	0.99×	1.00×	1.18×	0.88×	1.04×	1.38×	1.28×	1.20×	1.10×	1.14×	1.33×	1.22×	1.39×	1.35×	1.23×	1.53×	1.37×	1.40×	1.49×
Receivable days days	330	288	282	228	283	229	152	131	128	138	120	95	119	100	87	97	67	61	33	29
Inventory days days	8	7	6	5	6	7	13	19	10	6	7	6	5	4	5	6	7	7	6	5
Payable days days	309	263	252	200	246	205	139	122	114	131	128	86	73	74	80	108	81	70	77	71
Cash conversion cycle days	28	31	36	32	43	31	25	28	24	13	(2)	15	51	30	11	(6)	(7)	(2)	(38)	(37)
Dividends
Dividend payout ratio	13.0%	25.1%	27.0%	24.5%	40.4%	42.3%	31.4%	40.2%	44.2%	0.0%	—	—	—	47.4%	48.8%	0.0%	1,399.0%	189.9%	135.4%	85.9%
Earnings retention rate	0.87×	0.75×	0.73×	0.76×	0.60×	0.58×	0.69×	0.60×	0.56×	1.00×	—	—	—	0.53×	0.51×	1.00×	(12.99×)	(0.90×)	(0.35×)	0.14×

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.

SNGP: frequently asked questions

What is SNGP's EPS?

Sui Northern Gas Pipelines Limited reported basic earnings per share of Rs 23.01 for FY2025 (Jul 2024 – Jun 2025).

What is SNGP's P/E ratio?

At the closing price of Rs 90.23 on 16 Oct 2026, SNGP trades at a P/E of 3.9× based on EPS of Rs 23.01 (FY2025).

Does SNGP pay dividends?

Yes. Sui Northern Gas Pipelines Limited declared a dividend of Rs 3.00 per share for FY2025. It has paid a dividend in each of the last 9 years. At Rs 90.23 that is a dividend yield of 3.3%.

What was SNGP's revenue and profit in FY2025?

Sui Northern Gas Pipelines Limited reported revenue of Rs 1.41 tn and profit attributable to shareholders of Rs 14.6 bn for FY2025 (Jul 2024 – Jun 2025).

What is SNGP's book value per share?

Sui Northern Gas Pipelines Limited's book value per share was Rs 111.39 at the end of FY2025. The shares trade at 0.81× book value.

Information only, not investment advice.