27/08/2026
📊 SHEZAN INTERNATIONAL LIMITED — FY2025/26 FUNDAMENTAL REPORT
A Strong Turnaround Story with Improving Profitability 🚀
Shezan International Limited has delivered a meaningful fundamental turnaround, supported by stronger sales, improved margins, lower finance costs and better operational efficiency.
🔹 FY25 Sales: Rs 9.18bn | +12.6% YoY
🔹 Profit After Tax: Rs 163.05mn — strong turnaround
🔹 EPS: Rs 16.87 vs Rs -47.89
🔹 Gross Margin: 24.52% vs 19.75%
🔹 Finance Cost: Down significantly
🔹 Gearing: Improved from 47% to 37%
📈 9MFY2025/26:
Sales reached Rs 6.51bn (+6.1% YoY), while PAT surged to Rs 138.14mn, with EPS improving to Rs 14.30.
🌍 Key Growth Drivers: Export expansion, better pricing & product mix, lower financing pressure and solar investments.
⚠️ Key Risks: Raw-material inflation, supply-chain disruptions, weak domestic demand, geopolitical risks and relatively low net margins.
💰 Dividend: Rs 7/share recommended for FY2024/25.
FUNDAMENTAL VIEW: POSITIVE / TURNAROUND
SHEZ continues to show improving earnings momentum and operational efficiency. Sustained margin expansion, export growth and balance-sheet improvement could support a constructive medium-to-long-term outlook.
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