WAHN Wah Noble Chemicals Limited

Wah Noble Chemicals Limited (WAHN) financial ratios

Wah Noble Chemicals Limited earned a net margin of 9.3% in FY2026 against a five-year average of 9.4% (Chemical median 4.7%). Return on equity was 15.9%, compared with a sector median of 12.2%. The current ratio stood at 6.23× and debt was 0.0% of equity. Cash took about 194 days to cycle through receivables, inventory and payables.

FY2026 vs the Chemical median

Gross margin: 20.9%; Sector median 18.7%
Operating margin: 18.8%; Sector median 11.8%
Net margin: 9.3%; Sector median 4.7%
Return on equity (ROE): 15.9%; Sector median 12.2%
Return on assets (ROA): 12.3%; Sector median 7.1%
Current ratio: 6.23×; Sector median 1.46×
Debt to equity: 0.0%; Sector median 45.9%
Asset turnover: 1.32×; Sector median 1.05×
Dividend payout ratio: 19.9%; Sector median 19.3%

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

WAHN 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
Profitability
Gross margin	20.9%	16.8%	22.5%	20.2%	13.8%	20.5%	16.7%	15.7%	18.9%	21.6%	20.0%	10.6%	14.9%	19.3%	16.5%
EBITDA margin	19.9%	15.6%	21.3%	19.2%	13.1%	20.6%	15.5%	14.9%	17.2%	17.7%	13.8%	5.3%	9.7%	13.6%	11.0%
Operating margin	18.8%	14.8%	20.5%	18.2%	12.0%	19.5%	13.8%	13.8%	16.2%	16.6%	12.7%	4.2%	8.9%	13.0%	10.4%
Pre-tax margin	16.9%	14.0%	19.3%	15.3%	9.5%	17.3%	9.4%	11.0%	14.8%	15.1%	10.2%	2.2%	8.0%	12.9%	10.2%
Net margin	9.3%	9.5%	11.7%	10.2%	6.3%	12.3%	6.7%	7.8%	10.4%	10.5%	6.6%	1.0%	5.1%	9.5%	6.4%
Effective tax rate	44.7%	32.6%	39.4%	32.8%	33.2%	29.0%	28.8%	29.3%	30.2%	30.7%	34.7%	53.7%	36.2%	26.1%	37.0%
Returns
Return on equity (ROE)	15.9%	19.6%	27.0%	28.0%	15.6%	29.5%	13.9%	21.2%	24.2%	21.5%	14.9%	2.4%	13.2%	24.8%	—
Return on assets (ROA)	12.3%	14.1%	19.8%	17.4%	8.7%	16.5%	7.1%	11.1%	14.9%	13.9%	9.0%	1.4%	8.4%	17.6%	—
Return on invested capital (ROIC)	15.4%	18.2%	25.0%	24.0%	13.2%	20.6%	11.5%	15.8%	18.2%	17.1%	12.3%	3.4%	12.0%	24.8%	—
Liquidity
Current ratio	6.23×	2.84×	3.74×	3.01×	1.92×	2.11×	1.93×	1.68×	2.22×	2.40×	2.29×	1.86×	1.86×	2.92×	2.70×
Quick ratio	4.10×	1.79×	2.46×	2.21×	1.43×	1.50×	1.47×	1.21×	1.50×	1.74×	1.80×	1.44×	1.21×	2.28×	1.86×
Leverage
Debt to equity	0.0%	17.8%	1.7%	23.0%	46.3%	41.6%	66.4%	78.1%	40.1%	33.1%	27.0%	46.7%	39.2%	0.0%	—
Debt to capital	0.0%	15.1%	1.7%	18.7%	31.6%	29.4%	39.9%	43.8%	28.6%	24.9%	21.2%	31.8%	28.1%	0.0%	—
Debt to assets	0.0%	12.3%	1.3%	16.1%	25.0%	23.9%	36.2%	37.3%	23.5%	21.5%	17.4%	26.5%	22.2%	0.0%	—
Assets to equity	1.30×	1.39×	1.37×	1.61×	1.80×	1.78×	1.96×	1.91×	1.63×	1.54×	1.65×	1.76×	1.58×	1.41×	—
Efficiency
Asset turnover	1.32×	1.49×	1.68×	1.69×	1.37×	1.35×	1.06×	1.42×	1.44×	1.33×	1.36×	1.36×	1.63×	1.85×	—
Receivable days days	137	110	100	117	151	155	200	133	128	162	160	141	97	72	—
Inventory days days	106	90	74	59	71	76	89	73	76	72	59	67	60	51	—
Payable days days	49	53	45	44	60	47	47	47	46	51	54	50	59	67	—
Cash conversion cycle days	194	147	129	132	161	183	241	160	157	182	165	158	98	57	—
Dividends
Dividend payout ratio	19.9%	18.7%	16.4%	10.0%	43.0%	10.8%	27.6%	25.5%	31.0%	0.0%	45.9%	73.4%	53.9%	43.0%	61.0%
Earnings retention rate	0.80×	0.81×	0.84×	0.90×	0.57×	0.89×	0.72×	0.75×	0.69×	1.00×	0.54×	0.27×	0.46×	0.57×	0.39×

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.

WAHN: frequently asked questions

What is WAHN's EPS?

Wah Noble Chemicals Limited reported basic earnings per share of Rs 50.19 for FY2026 (Jul 2025 – Jun 2026).

What is WAHN's P/E ratio?

At the closing price of Rs 227.00 on 16 Oct 2026, WAHN trades at a P/E of 4.5× based on EPS of Rs 50.19 (FY2026).

Does WAHN pay dividends?

Yes. Wah Noble Chemicals Limited declared a dividend of Rs 5.00 per share for FY2026. It has paid a dividend in each of the last 15 years. At Rs 227.00 that is a dividend yield of 2.2%.

What was WAHN's revenue and profit in FY2026?

Wah Noble Chemicals Limited reported revenue of Rs 4.8 bn and profit attributable to shareholders of Rs 451.7 mn for FY2026 (Jul 2025 – Jun 2026).

What is WAHN's book value per share?

Wah Noble Chemicals Limited's book value per share was Rs 335.42 at the end of FY2026. The shares trade at 0.68× book value.

Information only, not investment advice.