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Millat Tractors Ltd

KAR:MTLProducer ManufacturingPSX:ALLSHRPSX:KMIALLSHR

Rs 292.98−3.28%LiveIn session · ≈ AED 3.89 · Market cap $436.73M · Next earnings Wed 2 Dec

Ratio	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	YoY
Gross margin	23.6%	21.0%	21.1%	24.0%	26.0%	32.9%	+6.9 pts
Operating margin	19.3%	17.3%	16.2%	19.8%	18.4%	26.2%	+7.8 pts
Net margin	15.6%	9.8%	7.0%	10.8%	11.9%	12.6%	+0.6 pts
EBITDA margin	19.7%	17.8%	16.7%	20.0%	18.9%	—	—
Return on equity	70.9%	67.3%	38.3%	88.6%	72.7%	78.7%	+6.0 pts
Return on assets	25.2%	22.1%	11.0%	29.1%	18.1%	23.6%	+5.5 pts
Return on capital employed	70.1%	94.0%	62.3%	129.0%	88.4%	123.7%	+35.3 pts
Debt / equity	0.1×	0.2×	1.2×	0.8×	1.7×	1.2×	−30.9%
Debt / assets	3.7%	7.5%	33.6%	27.2%	43.0%	35.8%	−7.2 pts
Interest coverage	112.9×	26.9×	4.6×	13.6×	4.4×	11.4×	+156.9%
Current ratio	1.3×	1.3×	1.2×	1.3×	1.1×	1.2×	+8.3%
Quick ratio	0.8×	0.6×	0.5×	0.5×	0.5×	0.6×	+18.0%
Cash ratio	0.0×	0.0×	0.0×	0.1×	0.1×	0.1×	+161.2%
Asset turnover	1.6×	2.3×	1.6×	2.7×	1.5×	1.9×	+23.7%
Inventory turnover	4.8×	4.6×	3.0×	4.2×	2.7×	3.5×	+27.4%
Receivables turnover	9.0×	8.6×	6.8×	12.8×	5.3×	41.8×	+688.9%
Dividend payout	55.2%	107.8%	94.2%	74.2%	141.1%	86.5%	−54.6 pts