Ghandhara Industries Limited
By PSX Investors Zone · Updated October 20, 2026
Ghandhara Industries Limited (PSX: GHNI) is a Pakistani automobile assembler engaged in the assembly, progressive manufacturing and sale of Isuzu trucks, buses and pickup vehicles. For FY2026, PSX standardized financial data reports sales of Rs.60.66 billion, profit after tax of Rs.6.93 billion and EPS of Rs.162.57. Sales and earnings increased compared with FY2025. Investors should monitor commercial vehicle demand, transport and infrastructure activity, financing costs, imported component prices, currency movements and competition. The company’s PSX profile displays a Risk Warning Alert concerning potential trading suspension or delisting; investors should check the latest exchange notice. Current Shariah screening status should be verified from the latest official notice before publication.
Company Overview
Ghandhara Industries Limited (GHNI) is a Pakistani listed automobile assembler incorporated on February 23, 1963. Its principal activities include assembling, progressively manufacturing and selling Isuzu trucks, buses and pickup vehicles.
The company operates in Pakistan’s commercial vehicle market, where demand is influenced by freight transportation, logistics, construction, agriculture, industrial activity and public-sector infrastructure projects.
Official sources: PSX company profile | Ghandhara Industries official website
Business Model
GHNI generates revenue through commercial vehicle assembly and sales, together with related business activities. Its performance depends on vehicle demand, production costs, pricing, financing conditions and the availability of imported components.
Key business factors to monitor include:
- Truck, bus and pickup sales volumes
- Freight, logistics and construction activity
- Government infrastructure and transport spending
- Imported components and foreign-exchange exposure
- Vehicle financing rates and customer purchasing power
- Production costs, inventory and working capital
- Competition from other commercial vehicle manufacturers
Financial Performance
Annual Results
PSX standardized financial data reports the following figures for the financial years ended June 30. Amounts are rounded.
| Financial metric | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs.60.66bn | Rs.37.46bn |
| Profit after tax | Rs.6.93bn | Rs.4.58bn |
| Earnings per share (EPS) | Rs.162.57 | Rs.107.58 |
| Gross profit margin | 23.14% | 24.27% |
| Net profit margin | 11.42% | 12.24% |
Sales increased by approximately 61.9%, while profit after tax increased by approximately 51.1%. EPS also increased year over year. However, gross and net profit margins declined, so investors should investigate input costs, pricing, product mix and operating expenses.
Source: Official PSX GHNI profile and financial data
PSX standardized figures may differ from issuer-reported figures. Consult the audited annual report for detailed notes and accounting explanations.
Quarterly Financial Results
PSX standardized financial data reports the following quarterly figures for FY2026:
| Financial metric | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 |
|---|---|---|---|
| Sales | Rs.11.92bn | Rs.12.07bn | Rs.18.84bn |
| Profit after tax | Rs.1.58bn | Rs.1.17bn | Rs.2.52bn |
| EPS | Rs.36.98 | Rs.27.44 | Rs.59.16 |
The third quarter recorded stronger sales and earnings than the first two quarters. Investors should examine the original quarterly statements for vehicle volumes, margins, working-capital movements and any non-recurring items before assuming this trend will continue.
Source: Official PSX GHNI profile
Share Price and Valuation
The PSX profile showed the following market information on October 13, 2026, at approximately 2:36 PM:
| Indicator | Value |
|---|---|
| Share price | Rs.1,013.10 |
| P/E ratio (TTM) | 6.23 |
| 52-week high | Rs.1,371.99 |
| 52-week low | Rs.590.00 |
| One-year price change | +16.78% |
| Year-to-date price change | +28.44% |
These figures are historical snapshots and can change. Confirm the latest PSX quote before displaying current prices on your website.
Source: Official PSX GHNI profile
A low P/E ratio does not automatically mean a stock is undervalued. Investors should compare the valuation with sustainable earnings, cash flow, margins, debt, capital expenditure and the outlook for commercial vehicle demand.
Dividend Information
Check GHNI’s latest board announcements and annual report before publishing a dividend amount or yield. The existence of annual profits does not guarantee a dividend, and past payouts do not guarantee future payments.
Official source: GHNI announcements and financial reports on PSX
Shariah Screening Status
Current status: Verify before publishing a compliance label.
Do not describe GHNI as currently Shariah-compliant or non-compliant without checking the latest applicable official screening notice. Confirm the relevant index, reporting period, screening methodology and effective date.
Useful official sources:
A company’s principal business activity alone does not establish that its listed shares meet all applicable financial screening criteria.
Important PSX Risk Warning Alert
The PSX profile reviewed for GHNI displays a Risk Warning Alert stating that the company is in continuous violation of requirements specified in Clauses 5.11.1 or 5.11.2 and carries a risk of trading suspension or delisting.
This warning should be clearly disclosed to readers. It does not, by itself, prove that trading has already been suspended or that the company has been delisted. Review the latest PSX notices to establish the nature of the violation and whether any further action has been taken.
Source: Official PSX GHNI profile
Key Risks
- Commercial vehicle demand: Lower freight, construction or industrial activity can reduce orders.
- Foreign-exchange exposure: Imported components and currency movements can affect costs.
- Financing conditions: Higher borrowing rates may reduce customer demand for commercial vehicles.
- Profit margins: Rising sales do not necessarily mean margins will improve.
- Competition: Market-share changes and pricing pressure can affect profitability.
- Earnings cyclicality: Strong results in one year do not guarantee the same performance in future periods.
- PSX regulatory warning: The current Risk Warning Alert requires investors to check the latest exchange notices.
Investor Research Checklist
Before analysing GHNI, review:
- The latest audited annual report and quarterly statements.
- Commercial vehicle sales, production and delivery trends.
- Gross margins, operating expenses and cash flow.
- Debt, financing costs and working-capital requirements.
- Foreign-exchange exposure and imported component costs.
- Official dividend announcements and entitlement dates.
- The latest official Shariah screening notice, if relevant to your investment criteria.
- The current PSX Risk Warning Alert and related exchange notices.
Frequently Asked Questions
What does GHNI do?
Ghandhara Industries Limited assembles, progressively manufactures and sells Isuzu trucks, buses and pickup vehicles in Pakistan.
What was GHNI's EPS in FY2026?
PSX standardized financial data reports EPS of Rs.162.57 for FY2026.
Did GHNI's profit increase in FY2026?
Yes. PSX standardized data reports profit after tax of approximately Rs.6.93 billion for FY2026, compared with Rs.4.58 billion for FY2025.
Is GHNI Shariah-compliant?
Verify the latest official screening notice before relying on a compliance label. Screening status depends on the applicable methodology and reporting period.
Does GHNI have a PSX risk warning?
Yes. The PSX profile reviewed displays a Risk Warning Alert concerning continuous violations and possible suspension or delisting. Check the latest exchange notices for the current position.
Is GHNI a good investment?
That depends on valuation, financial strength, the commercial vehicle market and the investor’s circumstances. This profile is for research and education, not a personalised buy or sell recommendation.
Disclaimer
This page is for educational and informational purposes only. Financial results, market prices, dividend information and Shariah screening status may change. Confirm material information against the latest official PSX notices, company reports and authorised screening publications before making an investment decision. PSX Investors Zone does not guarantee profits or returns and does not provide personalised investment advice.
This profile is for educational purposes and is not a recommendation to buy or sell any security.