ZIL ZIL Limited

ZIL Limited (ZIL) financial ratios

ZIL Limited earned a net margin of 0.7% in FY2025 against a five-year average of -0.9% (Food & Personal Care Products median 3.0%). Return on equity was 3.6%, compared with a sector median of 12.0%. The current ratio stood at 0.94× and debt was 16.1% of equity. Cash took about -18 days to cycle through receivables, inventory and payables.

FY2025 vs the Food & Personal Care Products median

Gross margin: 32.5%; Sector median 20.8%
Operating margin: 2.5%; Sector median 7.3%
Net margin: 0.7%; Sector median 3.0%
Return on equity (ROE): 3.6%; Sector median 12.0%
Return on assets (ROA): 1.6%; Sector median 4.5%
Current ratio: 0.94×; Sector median 1.21×
Debt to equity: 16.1%; Sector median 31.9%
Asset turnover: 2.13×; Sector median 1.30×
Dividend payout ratio: 30.4%; Sector median 8.4%

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

ZIL 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 * 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	32.5%	27.7%	28.4%	18.4%	10.5%	24.5%	29.6%	28.3%	28.2%	27.9%	18.4%	21.7%	28.6%	—	21.7%	26.1%	26.6%	25.8%	29.0%
EBITDA margin	4.4%	5.1%	10.5%	6.4%	(5.9%)	5.7%	9.5%	5.9%	5.9%	3.8%	(6.3%)	(7.1%)	6.4%	—	4.2%	5.7%	9.0%	6.2%	9.3%
Operating margin	2.5%	3.1%	8.8%	4.2%	(8.3%)	3.0%	6.8%	3.7%	3.5%	1.6%	(8.9%)	(10.1%)	4.0%	—	2.4%	3.6%	7.0%	3.7%	6.7%
Pre-tax margin	1.3%	1.1%	6.1%	1.7%	(9.4%)	2.1%	5.2%	3.1%	2.6%	0.4%	(10.6%)	(12.2%)	3.0%	—	2.1%	3.7%	5.9%	3.3%	6.7%
Net margin	0.7%	0.7%	4.4%	0.6%	(10.7%)	0.5%	2.7%	1.5%	1.1%	0.3%	(9.0%)	(8.0%)	2.0%	—	1.3%	2.4%	3.8%	2.2%	4.5%
Effective tax rate	44.4%	38.4%	28.5%	66.4%	—	74.0%	47.7%	52.8%	59.1%	34.9%	—	—	33.1%	35.9%	38.3%	35.5%	36.2%	34.8%	32.6%
Returns
Return on equity (ROE)	3.6%	3.3%	22.5%	2.4%	(37.3%)	2.2%	11.2%	6.1%	4.9%	1.3%	(38.4%)	(24.1%)	—	7.4%	5.2%	8.3%	14.9%	7.7%	15.1%
Return on assets (ROA)	1.6%	1.4%	8.6%	1.0%	(16.5%)	1.1%	5.7%	2.8%	2.0%	0.5%	(15.0%)	(11.5%)	—	3.3%	2.5%	4.2%	7.5%	4.0%	8.0%
Return on invested capital (ROIC)	4.3%	3.6%	20.0%	2.2%	—	2.4%	10.9%	5.4%	4.2%	3.0%	—	—	—	8.7%	5.4%	8.3%	16.1%	8.5%	14.9%
Liquidity
Current ratio	0.94×	1.34×	1.31×	1.22×	0.78×	1.23×	1.10×	0.90×	0.89×	0.79×	0.80×	1.10×	1.48×	1.32×	1.44×	1.63×	1.59×	1.45×	1.60×
Quick ratio	0.42×	0.81×	0.86×	0.81×	0.40×	0.74×	0.64×	0.44×	0.44×	0.35×	0.31×	0.29×	0.46×	0.37×	0.38×	0.61×	0.81×	0.34×	0.72×
Leverage
Debt to equity	16.1%	12.9%	15.8%	16.0%	33.6%	23.1%	11.7%	34.4%	59.7%	67.1%	109.9%	54.1%	41.0%	30.7%	19.8%	0.0%	—	—	0.0%
Debt to capital	13.8%	11.4%	13.6%	13.8%	25.1%	18.8%	10.5%	25.6%	37.4%	40.2%	52.4%	35.1%	29.1%	23.5%	16.6%	0.0%	—	—	0.0%
Debt to assets	6.8%	5.7%	6.1%	6.0%	14.2%	11.1%	5.9%	17.6%	24.1%	27.5%	35.5%	24.5%	20.4%	13.4%	9.2%	0.0%	—	—	0.0%
Assets to equity	2.31×	2.40×	2.62×	2.53×	2.26×	2.04×	1.97×	2.15×	2.46×	2.72×	2.57×	2.10×	—	2.22×	2.06×	1.98×	2.00×	1.92×	1.89×
Efficiency
Asset turnover	2.13×	2.04×	1.96×	1.66×	1.55×	1.97×	2.08×	1.91×	1.87×	1.80×	1.67×	1.44×	—	1.99×	1.92×	1.73×	1.97×	1.84×	1.77×
Receivable days days	15	15	12	12	11	6	7	8	7	9	10	12	—	21	18	20	16	12	12
Inventory days days	53	52	54	47	40	40	41	52	58	68	86	123	—	112	100	96	88	91	76
Payable days days	86	87	99	87	59	51	48	51	56	53	50	54	—	34	37	47	40	38	31
Cash conversion cycle days	(18)	(21)	(33)	(29)	(9)	(5)	0	9	9	23	46	81	—	98	81	69	64	65	57
Dividends
Dividend payout ratio	30.4%	28.5%	0.0%	0.0%	—	161.6%	14.0%	27.4%	18.1%	0.0%	—	—	24.3%	52.4%	52.1%	59.9%	37.8%	54.9%	28.8%
Earnings retention rate	0.70×	0.71×	1.00×	1.00×	—	(0.62×)	0.86×	0.73×	0.82×	1.00×	—	—	0.76×	0.48×	0.48×	0.40×	0.62×	0.45×	0.71×

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.

ZIL: frequently asked questions

What is ZIL's EPS?

ZIL Limited reported basic earnings per share of Rs 8.21 for FY2025 (Jan – Dec 2025).

What is ZIL's P/E ratio?

At the closing price of Rs 309.56 on 16 Oct 2026, ZIL trades at a P/E of 37.7× based on EPS of Rs 8.21 (FY2025).

Does ZIL pay dividends?

Yes. ZIL Limited declared a dividend of Rs 2.50 per share for FY2025. It has paid a dividend in each of the last 3 years. At Rs 309.56 that is a dividend yield of 0.8%.

What was ZIL's revenue and profit in FY2025?

ZIL Limited reported revenue of Rs 6.8 bn and profit attributable to shareholders of Rs 50.3 mn for FY2025 (Jan – Dec 2025).

What is ZIL's book value per share?

ZIL Limited's book value per share was Rs 227.83 at the end of FY2025. The shares trade at 1.36× book value.

Information only, not investment advice.