Baluchistan Wheels Limited

Company Overview

Baluchistan Wheels Limited (BWHL) is a Pakistani automotive-parts manufacturer listed on the Pakistan Stock Exchange. The company was incorporated on June 16, 1980, and manufactures and markets automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles.

Its business is linked to demand from vehicle manufacturers and the replacement market. Changes in vehicle production, raw-material prices, energy expenses and industrial activity can affect sales and profitability.

Official sources:

• PSX company profile — BWHL
• Baluchistan Wheels official website
• FY2026 Annual Report

Latest Annual Financial Performance

For the financial year ended June 30, 2026, PSX financial information reports the following results:

Financial metric	FY2026	FY2025
Sales	Rs.2.916 billion	Rs.2.305 billion
Profit after tax	Rs.312.59 million	Rs.315.58 million
Earnings per share (EPS)	Rs.23.44	Rs.23.67
Gross profit margin	28.49%	24.60%
Net profit margin	10.72%	13.69%

Source: PSX financial information for BWHL

The reported figures show that sales increased in FY2026, while profit after tax and EPS were slightly lower than in FY2025. Gross profit margin improved, but net profit margin declined. Investors should consider the full income statement, operating expenses, finance costs, taxes and cash flows to understand the reasons for the change.

Latest Quarterly Performance

For the quarter ended September 30, 2026, PSX reported the following figures:

Financial metric	Q1 FY2027
Sales	Rs.825.61 million
Profit after tax	Rs.95.93 million
Earnings per share	Rs.7.19

Source: PSX company profile and financial results

The quarterly figures provide a more recent view of the company's performance than the annual results. Investors should compare the quarter with the corresponding period of the previous year and review the complete quarterly report for details of costs, margins and cash flow.

Dividend Information

The FY2026 annual report states that the board proposed a final cash dividend of Rs.10 per share, in addition to an interim dividend of Rs.10 per share. The annual report also records that the final dividend for FY2026 was proposed for shareholder approval at the annual general meeting.

Source: Baluchistan Wheels FY2026 Annual Report

The company subsequently announced a credit of the final cash dividend on October 2, 2026. Investors should consult the official PSX announcement for the payment details and should not assume future dividends will be at the same level.

Shariah Compliance Status

Baluchistan Wheels Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026, using accounts to December 31, 2025.

Screening measure	Reported ratio	Screening benchmark
Debt to total assets	0.54%	Below 37%
Non-compliant investments to total assets	22.25%	Below 33%
Non-compliant income to revenue	2.38%	Below 5%
Illiquid assets to total assets	59.94%	At least 25%

Source: Official PSX Shariah screening notice

These ratios relate to the stated screening period and should not be represented as current financial ratios without a newer screening calculation. Shariah status can change at subsequent reviews. Confirm the latest official PSX eligible-scrip list before making a Shariah-based investment decision.

Important Regulatory Risk Warning

The PSX company profile displays a Risk Warning Alert (RWA) stating that the company is in continuous violation of specified regulatory clauses and faces a risk of trading suspension or delisting.

This is a material regulatory consideration and is separate from the company's Shariah classification. Investors should review the latest PSX announcements to determine whether the alert remains active and whether any regulatory action has followed.

Source: PSX company profile and Risk Warning Alert

Key Factors Investors Should Monitor

• Automotive production: Demand for wheel rims depends on production and sales of cars, tractors, trucks, buses and commercial vehicles.
• Raw-material prices: Steel and other production inputs can affect manufacturing costs and gross margins.
• Profit margins: FY2026 net profit margin was lower than FY2025 despite higher sales.
• Customer and industry demand: Monitor the performance of vehicle assemblers and the wider automotive market.
• Dividend sustainability: Review earnings, cash flows, capital expenditure and board recommendations before assuming future payouts.
• Regulatory status: Follow official PSX notices relating to the Risk Warning Alert and any subsequent action.
• Shariah screening: Verify the latest official screening before making a Shariah-based investment decision.

Frequently Asked Questions

What is the PSX symbol of Baluchistan Wheels Limited?

Its ordinary shares trade under the symbol BWHL on the Pakistan Stock Exchange.

What does Baluchistan Wheels Limited manufacture?

The company manufactures and markets wheel rims for trucks, buses, tractors, cars and mini commercial vehicles.

Is Baluchistan Wheels 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 official screening before investing.

Did BWHL make a profit in FY2026?

Yes. PSX reports profit after tax of approximately Rs.312.59 million for FY2026, compared with Rs.315.58 million in FY2025.

Does BWHL have a regulatory risk warning?

Yes. Its PSX profile displays a Risk Warning Alert for continuing regulatory violations and possible suspension or delisting. Check the latest official PSX notices for updates.

Disclaimer

This profile is for educational and informational purposes only. It is not a recommendation to buy or sell BWHL shares and does not guarantee returns. Financial performance, dividend policies, regulatory status, market prices and Shariah classifications may change. Consult the latest PSX disclosures, company financial statements and Shariah screening information before making an investment decision.