UPFL Unilever Pakistan Foods Limited

Unilever Pakistan Foods Limited (UPFL) financial ratios

Unilever Pakistan Foods Limited earned a net margin of 14.7% in FY2025 against a five-year average of 23.5% (Food & Personal Care Products median 3.0%). Return on equity was 59.0%, compared with a sector median of 12.0%. The current ratio stood at 0.87× and debt was 8.5% of equity. Cash took about 41 days to cycle through receivables, inventory and payables.

FY2025 vs the Food & Personal Care Products median

Gross margin: 38.6%; Sector median 20.8%
Operating margin: 23.9%; Sector median 7.3%
Net margin: 14.7%; Sector median 3.0%
Return on equity (ROE): 59.0%; Sector median 12.0%
Return on assets (ROA): 25.5%; Sector median 4.5%
Current ratio: 0.87×; Sector median 1.21×
Debt to equity: 8.5%; Sector median 31.9%
Asset turnover: 1.74×; Sector median 1.30×
Dividend payout ratio: 23.1%; Sector median 8.4%

Median of the 25 companies in the sector with the figure for their latest fiscal year.

UPFL 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	38.6%	38.9%	42.9%	42.5%	45.1%	42.9%	40.7%	45.7%	45.2%	44.4%	44.7%	43.1%	41.8%	38.1%	39.0%	38.0%	37.1%	39.2%	38.4%	39.2%
EBITDA margin	25.5%	24.9%	25.3%	30.0%	28.8%	27.4%	23.1%	22.1%	19.7%	20.5%	21.0%	22.4%	21.5%	18.9%	19.7%	57.5%	10.5%	58.3%	15.8%	16.3%
Operating margin	23.9%	23.5%	24.3%	28.8%	27.1%	25.4%	21.2%	20.4%	18.1%	18.8%	19.7%	21.6%	20.8%	18.0%	18.8%	56.6%	9.4%	57.4%	14.9%	15.2%
Pre-tax margin	24.0%	29.8%	29.6%	29.6%	27.4%	26.0%	21.1%	21.0%	17.9%	18.7%	19.4%	21.7%	21.0%	18.3%	18.4%	16.0%	7.2%	17.2%	14.6%	15.0%
Net margin	14.7%	20.7%	28.2%	28.1%	26.1%	24.6%	18.5%	14.6%	12.6%	13.5%	14.4%	15.0%	14.4%	12.4%	12.5%	5.7%	5.2%	6.4%	4.4%	5.8%
Effective tax rate	38.8%	30.5%	4.9%	4.9%	4.7%	5.4%	12.6%	30.5%	29.4%	27.8%	26.0%	30.7%	31.4%	32.0%	32.2%	64.5%	26.8%	63.1%	69.5%	61.5%
Returns
Return on equity (ROE)	59.0%	47.1%	82.2%	148.1%	179.9%	151.9%	116.9%	167.3%	136.5%	73.3%	100.1%	190.1%	192.2%	134.1%	137.7%	68.1%	62.0%	78.3%	27.8%	20.6%
Return on assets (ROA)	25.5%	23.6%	37.7%	51.3%	58.0%	52.8%	37.6%	34.5%	31.2%	28.2%	31.3%	40.5%	46.4%	38.6%	43.2%	22.2%	17.8%	20.0%	11.5%	13.7%
Return on invested capital (ROIC)	55.8%	45.3%	78.5%	139.0%	173.4%	149.3%	97.4%	96.2%	106.3%	72.0%	96.7%	183.2%	177.3%	117.2%	106.7%	46.8%	40.2%	36.6%	19.2%	20.4%
Liquidity
Current ratio	0.87×	1.44×	1.66×	1.20×	0.91×	0.84×	0.74×	0.78×	0.54×	0.94×	0.90×	0.61×	0.68×	0.96×	0.88×	1.09×	0.88×	0.77×	0.75×	1.90×
Quick ratio	0.47×	1.17×	1.33×	0.94×	0.69×	0.57×	0.51×	0.52×	0.26×	0.56×	0.51×	0.27×	0.33×	0.37×	0.36×	0.51×	0.35×	0.20×	0.22×	0.98×
Leverage
Debt to equity	8.5%	4.6%	4.0%	6.9%	6.3%	1.3%	2.8%	52.5%	321.7%	0.0%	4.9%	3.7%	5.6%	10.9%	19.2%	42.1%	55.4%	80.5%	182.1%	0.0%
Debt to capital	7.9%	4.4%	3.8%	6.5%	5.9%	1.3%	2.8%	34.4%	76.3%	0.0%	4.6%	3.6%	5.3%	9.8%	16.1%	29.6%	35.6%	44.6%	64.6%	0.0%
Debt to assets	3.0%	2.2%	2.0%	2.6%	1.8%	0.5%	0.9%	16.6%	14.3%	0.0%	1.8%	0.8%	1.1%	3.2%	5.3%	15.6%	15.3%	23.9%	38.3%	0.0%
Assets to equity	2.31×	2.00×	2.18×	2.89×	3.10×	2.88×	3.11×	4.85×	4.38×	2.59×	3.20×	4.70×	4.14×	3.47×	3.19×	3.07×	3.49×	3.92×	2.42×	1.50×
Efficiency
Asset turnover	1.74×	1.14×	1.34×	1.83×	2.22×	2.14×	2.04×	2.37×	2.47×	2.10×	2.17×	2.69×	3.21×	3.11×	3.46×	3.92×	3.39×	3.14×	2.59×	2.38×
Receivable days days	35	48	40	25	25	35	34	22	20	25	24	17	13	16	19	19	16	14	20	24
Inventory days days	57	71	71	52	45	45	48	58	63	69	72	62	63	69	60	54	64	75	85	69
Payable days days	50	83	81	64	62	60	57	53	42	41	42	73	113	76	20	7	7	13	26	22
Cash conversion cycle days	41	36	30	13	8	21	24	27	41	53	53	6	(38)	10	59	66	73	76	79	72
Dividends
Dividend payout ratio	23.1%	132.9%	28.0%	0.0%	95.7%	100.0%	100.3%	175.2%	93.1%	134.1%	48.0%	49.4%	99.9%	98.0%	99.8%	190.9%	118.4%	113.2%	542.5%	193.0%
Earnings retention rate	0.77×	(0.33×)	0.72×	1.00×	0.04×	0.00×	(0.00×)	(0.75×)	0.07×	(0.34×)	0.52×	0.51×	0.00×	0.02×	0.00×	(0.91×)	(0.18×)	(0.13×)	(4.42×)	(0.93×)

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.

UPFL: frequently asked questions

What is UPFL's EPS?

Unilever Pakistan Foods Limited reported basic earnings per share of Rs 933.50 for FY2025 (Jan – Dec 2025).

What is UPFL's P/E ratio?

At the closing price of Rs 25,550.00 on 16 Oct 2026, UPFL trades at a P/E of 27.4× based on EPS of Rs 933.50 (FY2025).

Does UPFL pay dividends?

Yes. Unilever Pakistan Foods Limited declared a dividend of Rs 1,651.00 per share for FY2025. It has paid a dividend in each of the last 20 years. At Rs 25,550.00 that is a dividend yield of 6.5%.

What was UPFL's revenue and profit in FY2025?

Unilever Pakistan Foods Limited reported revenue of Rs 40.6 bn and profit attributable to shareholders of Rs 5.9 bn for FY2025 (Jan – Dec 2025).

What is UPFL's book value per share?

Unilever Pakistan Foods Limited's book value per share was Rs 1,028.41 at the end of FY2025. The shares trade at 24.84× book value.

Information only, not investment advice.