Aisha Steel Mills Limited
By PSX Investors Zone · Updated October 20, 2026
Aisha Steel Mills Limited (ASL) is a Pakistan Stock Exchange-listed steel manufacturer producing cold-rolled and galvanized steel coils and sheets for domestic and export markets. In FY2026, the company reported revenue of Rs.54.24 billion and profit after tax of Rs.981.15 million, returning to profitability after a loss in FY2025. ASL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. Investors should review its latest financial statements, debt position, steel-market conditions and current Shariah screening before making investment decisions.
Aisha Steel Mills Limited (ASL) is a Pakistani steel manufacturer listed on the Pakistan Stock Exchange. The company primarily produces cold-rolled and galvanized steel coils and sheets for local and export customers.
Company Overview
Aisha Steel Mills Limited was incorporated on May 30, 2005, and its shares have been listed on the Pakistan Stock Exchange since August 2012. Its registered office is located at Arif Habib Centre, M. T. Khan Road, Karachi.
The company operates in Pakistan’s flat-steel market, where demand, imported raw-material prices, exchange-rate movements, energy costs and construction and manufacturing activity can influence business performance.
Official sources:
Latest Annual Financial Performance
According to the company’s annual report for the financial year ended June 30, 2026:
| Financial metric | FY2026 | FY2025 |
|---|---|---|
| Revenue | Rs.54.24 billion | Rs.33.75 billion |
| Gross profit | Rs.5.93 billion | Rs.1.67 billion |
| Operating profit | Rs.3.64 billion | Rs.603.86 million |
| Profit / (loss) after tax | Rs.981.15 million | (Rs.1.35 billion) |
| Earnings / (loss) per share | Rs.0.99 | (Rs.1.55) |
The reported figures show a substantial improvement in revenue and profitability during FY2026. The company attributed the improvement primarily to higher sales volumes, stronger demand and improved margins.
Past performance does not guarantee future results. Investors should also examine operating cash flow, finance costs, working-capital requirements and the sustainability of profit margins.
Source: Aisha Steel Mills FY2026 Annual Report
Shariah Compliance Status
ASL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026, using financial information for the period ended December 31, 2025.
The reported screening ratios were:
| Screening measure | Reported ratio | Screening benchmark |
|---|---|---|
| Debt to total assets | 29.15% | Below 37% |
| Non-compliant investments to total assets | 0.00% | Below 33% |
| Non-compliant income to revenue | 0.00% | Below 5% |
| Illiquid assets to total assets | 72.13% | At least 25% |
Important: These ratios relate to the stated screening period, not necessarily the company’s latest financial position. Shariah status may change following subsequent reviews. Check the latest official PSX screening notice before investing.
Sources:
What Investors Should Monitor
- Steel demand: Changes in construction, manufacturing and industrial activity can affect sales volumes.
- Raw-material prices: Imported steel inputs and international price movements can influence margins.
- Currency movements: Exchange-rate changes may affect import costs and export competitiveness.
- Finance costs: Borrowing expenses can materially affect earnings in a capital-intensive business.
- Cash flow and working capital: Review inventory, receivables, payables and cash generated from operations.
- Shariah screening: Recheck the latest PSX-KMI All Share Islamic Index status before making a Shariah-based investment decision.
Frequently Asked Questions
Is Aisha Steel Mills Limited Shariah-compliant?
It was classified as compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026, based on accounts to December 31, 2025. Investors should verify the latest screening before investing.
What is the PSX symbol of Aisha Steel Mills Limited?
The ordinary-share ticker is ASL. The company also has separately listed preference-share instruments with different symbols; investors should check the relevant PSX records for their terms.
Did ASL make a profit in FY2026?
Yes. Its FY2026 annual report records profit after tax of approximately Rs.981.15 million, compared with a loss of approximately Rs.1.35 billion in FY2025.
What does Aisha Steel Mills Limited manufacture?
The company primarily manufactures cold-rolled and galvanized steel coils and sheets.
Is ASL suitable for every investor?
Not necessarily. Its performance can be affected by steel prices, demand, currency movements, financing costs and working-capital needs. Investors should assess their own risk tolerance and investment objectives.
Disclaimer
This profile is provided for educational and informational purposes only. It is not a recommendation to buy or sell ASL shares and does not guarantee returns. Financial data and Shariah classifications may change. Always consult the latest official PSX disclosures, company reports and Shariah screening information before making an investment decision.
This profile is for educational purposes and is not a recommendation to buy or sell any security.