Azgard Nine Limited
By PSX Investors Zone · Updated October 20, 2026
Azgard Nine Limited (PSX: ANL) is a Pakistani textile manufacturer operating an integrated business covering spinning, weaving, dyeing and stitching. The company produces yarn, denim fabric and related denim products for domestic and international markets. In FY2026, ANL reported revenue of approximately Rs.42.50 billion, profit after tax of Rs.869.87 million and earnings per share of Rs.1.77. It was classified as Shariah-compliant in the screening effective June 5, 2026. Investors should also review the company’s debt and cash-flow position, latest Shariah screening and the Risk Warning Alert shown on its PSX profile.
Company Overview
Azgard Nine Limited (ANL) is a listed Pakistani textile manufacturer operating in the textile composite sector. The company was incorporated on January 20, 1993, and was originally named Indigo Denim Mills Limited. It subsequently adopted the name Azgard Nine Limited.
The company's integrated operations include spinning, weaving, dyeing and stitching. Its principal products include yarn, denim fabric and denim-related products. Its registered office is at Ismail Aiwan-e-Science, Off Shahrah-e-Roomi, Lahore, Pakistan.
Official sources: PSX company profile | Company profile and governance
Financial Performance
Annual results: FY2026 vs FY2025
According to the financial results for the year ended June 30, 2026, ANL reported:
| Financial measure | FY2026 | FY2025 |
|---|---|---|
| Net sales | Rs.42.500 billion | Rs.40.602 billion |
| Gross profit | Rs.5.052 billion | Rs.4.977 billion |
| Operating profit | Rs.2.593 billion | Rs.2.901 billion |
| Profit after tax | Rs.869.87 million | Rs.701.80 million |
| Earnings per share (EPS) | Rs.1.77 | Rs.1.43 |
| Gross profit margin | 11.89% | 12.26% |
| Net profit margin | 2.05% | 1.73% |
Revenue increased by approximately 4.7% year on year, while profit after tax rose by approximately 24.0%. However, operating profit declined, and gross profit margin narrowed. The increase in net profit therefore needs to be assessed alongside finance costs, taxation, other income and operating expenses.
Source: FY2026 results summary | FY2026 annual report
Dividend Information
For FY2026, the Board recommended no cash dividend, bonus shares or right shares. The company’s financial commitments and redemption reserve requirements are relevant when assessing its distribution policy.
Investors should consult the latest PSX announcements for any subsequent changes.
Source: FY2026 financial results
Shariah Compliance Status
Azgard Nine Limited is classified as Shariah-compliant in the screening effective June 5, 2026, based on accounts to December 31, 2025.
The latest screening record available reports:
- Debt-to-assets ratio: 27.24%
- Non-compliant investments-to-assets ratio: 2.00%
- Non-compliant income-to-revenue ratio: 0.00%
- Illiquid assets ratio: 65.43%
- Reported purification rate: 0.00%
These figures are specific to the screening period and should not be treated as permanent. Verify the latest official PSX Shariah screening publication before relying on this classification.
Screening reference: ANL Shariah screening record
Important PSX Risk Warning
The official PSX profile displays a Risk Warning Alert stating that the company is in continuous violation of specified PSX regulations and may face trading suspension or delisting under applicable exchange requirements.
This is a material regulatory concern and should be disclosed to readers. The alert does not, by itself, prove that trading has already been suspended or that the company has been delisted. Investors should check the latest PSX notices for the current regulatory and trading status.
Source: Official PSX company profile
What Investors Should Monitor
When researching ANL, investors may wish to monitor:
- Quarterly and annual revenue, profit after tax and EPS.
- Gross and operating profit margins.
- Export orders, denim demand, production costs and energy expenses.
- Debt, finance costs, working capital and operating cash flows.
- Dividend announcements and the company's financial commitments.
- The latest Shariah screening and effective date.
- Regulatory notices and developments concerning the PSX Risk Warning Alert.
Frequently Asked Questions
What is the PSX symbol for Azgard Nine Limited?
Its Pakistan Stock Exchange symbol is ANL.
What does Azgard Nine Limited do?
The company manufactures yarn, denim fabric and denim products through integrated spinning, weaving, dyeing and stitching operations.
What was ANL's EPS in FY2026?
ANL reported earnings per share of Rs.1.77 for the year ended June 30, 2026.
Is ANL Shariah-compliant?
The available screening effective June 5, 2026, based on accounts to December 31, 2025, classifies ANL as Shariah-compliant. Verify the latest official screening before relying on its status.
Did ANL announce a dividend for FY2026?
No cash dividend, bonus shares or right shares were recommended for FY2026.
Does the PSX Risk Warning Alert mean ANL is delisted?
No. It signals regulatory risk that may include suspension or delisting. The company's actual status must be confirmed through current PSX notices.
Disclaimer
This profile is for educational and informational purposes only and is not a recommendation to buy or sell ANL shares. Financial results and Shariah screening relate to the periods identified above. Verify the latest financial statements, Shariah status, market data and PSX regulatory notices before making investment decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.