BAFS financials Baba Farid Sugar Mills Limited

Baba Farid Sugar Mills Limited (BAFS) has 9 financial years on file, from the year to 30 Sep 2015. The latest, the year to 30 Sep 2025 earned Rs 86.22 a share on sales of Rs 10.2 bn. 4 quarters are listed below the years.

Results by financial year

Company accounts as filed. Earnings per share are on today’s share count where a split or bonus issue came later. Years to 30 September. 4 of the last 5 years and 4 of the last 8 quarters.

Earnings per share by financial year

Rupees a share, by year to the month shown. Source: the company's filed accounts, latest year to 30 Sep 2025.

Year	Earnings per share (Rs)	Sales	Gross margin	Net profit as a share of sales	Change in earnings per share on the year before
Year to 30 Sep 2025	86.22	Rs 10.2 bn	16.0%	8.0%	—
Year to 30 Sep 2024	-65.96	Rs 5.8 bn	4.5%	-10.7%	-1,826.7%
Year to 30 Sep 2023	3.82	Rs 4.5 bn	12.1%	0.8%	—
Year to 30 Sep 2022	-25.64	Rs 3.9 bn	-1.3%	-6.2%	—

Results by quarter

4 of the last 8 quarters. The fourth quarter is filed only inside the annual accounts.

Quarter	Earnings per share (Rs)	Sales	Profit after tax	Net profit as a share of sales	Change on the same quarter a year before
Quarter to 30 Jun 2026	-24.90	Rs 1.6 bn	Rs -235.3 m	-14.4%	-152.7%
Quarter to 31 Mar 2026	-9.38	Rs 790.8 m	Rs -88.7 m	-11.2%	—
Quarter to 31 Dec 2025	-9.90	Rs 238.3 m	Rs -93.6 m	-39.3%	—
Quarter to 30 Jun 2025	47.22	Rs 3.7 bn	Rs 446.2 m	12.2%	—

Annual report figures: income and balance sheet

From each annual report. A blank is a line this page does not show for that year.

Year	Revenue	Gross profit	Profit after tax	Total assets	Equity	Liabilities	Return on equity	Current ratio	Basis
Year to 30 Sep 2025	—	—	—	Rs 6.5 bn	Rs 5.3 bn	—	—	1.25	unknown
Year to 30 Sep 2020	Rs 3.9 bn	Rs 250.7 m	Rs 166.4 m	Rs 3.5 bn	Rs 1.8 bn	Rs 1.7 bn	9.3%	0.53	unknown
Year to 30 Sep 2019	Rs 1.8 bn	Rs 28.8 m	Rs -276.9 m	Rs 3.1 bn	Rs 866.1 m	Rs 2.4 bn	-32.0%	0.33	unknown
Year to 30 Sep 2017	Rs 1.4 bn	Rs -163.8 m	Rs -378.3 m	Rs 3.3 bn	Rs 329.8 m	Rs 3.0 bn	-114.7%	0.39	unknown
Year to 30 Sep 2016	Rs 1.9 bn	Rs 194.7 m	Rs 24.0 m	Rs 3.5 bn	Rs 693.6 m	Rs 2.8 bn	3.5%	0.54	unknown
Year to 30 Sep 2015	Rs 1.3 bn	Rs 139.1 m	Rs 3.2 m	Rs 3.3 bn	Rs 656.3 m	Rs 2.6 bn	0.5%	0.45	unknown

Source: annual report, page 51.

Ratios from the latest annual report

Book value a share: Rs 555.96
Price to book value: 1.15 times
Current ratio: 1.25
Debt to equity: 0.24
Equity as a share of assets: 80.8%

As of 30 Sep 2025.

Cash flow

Where the cash came from and went

Depreciation and amortisation	Rs 0 thousand
Operating cash flow	Rs 2.7 bn
Capital spending	Rs -29.4 m
Free cashworked out: operating cash flow less capital spending	Rs 2.7 bn
Change in cash	Rs 373.5 m
Cash at the start of the year	Rs 83.8 m
Cash at the end of the year	Rs 457.3 m

Accounts, year to 30 Sep 2025 · filed annual report, page 54The report does not say whether these are group accounts or the company’s own.

Debt

Borrowings and cash

Borrowings: Rs 302.7 m
Lease liabilities: Rs 1.1 m
Cash: Rs 457.3 m
Net debt (borrowings and leases less cash): Rs -153.4 m
Total equity: Rs 5.3 bn
Borrowings to equity: 0.06
Operating cash flow as a share of borrowings: 898.5%